Let's do a simple analysis of the big cake, everyone can use it as a reference
I remember telling a fan about the point of 65525, and the lowest on the market really reached 65289, which can be considered quite close.
Currently, our position is not far from the historical high, so both bulls and bears are putting in a lot of effort there, and the struggle is quite intense.
If we haven't moved out of this range yet, it's best to wait for the price to probe lower again before finding a support level to make a move.
I just took a look at the 12-hour chart, and the price returned to the neck line of the 'tower bottom', and the bulls and bears are starting to wrestle again.
The current K-line looks like it might change the trend. The daily K-line price might also drop further.
To put it simply, what we need to do now is wait for the price to return to the sudden drop low point from yesterday, and then we can seize the rebound.
From the hourly chart, the bulls and bears are really stuck, with the bulls having a slight upper hand, but they still can't decide where the market is going.
We can prepare to buy at the low point first. If the price goes up and breaks through 67800, leaving the current range of fluctuations, then we can wait to buy when it retraces.
In short, the current short-term support is roughly in the range of 65920 to 64986, and further down there is a second support at 64182 to 63684. The short-term resistance is in the range of 67826 to 68330. If the price breaks through this with volume, we can make a move when it retraces.
I am Zhang Sao, and I hope this can give you some direction. Please be aware of the risks and invest rationally!
