Based on the analysis of the chart, the price is confidently breaking the trendline to the downside. After the breakout, the market is expected to continue declining to the 60,800 level, where the 4-hour imbalance zone is located. Then, a correction to the 62,862.6 level is anticipated, followed by further downward movement to the 60,000 mark. After reaching this target, a recovery to the 62,400 level is possible.
1. Break the trendline to the downside.
2. Decline to the imbalance zone at 60,800.
3. Correction to the 62,862.6 level.
4. Further decline to the 60,000 level.
5. Potential recovery to the 62,400 level.
