4-Hour Chart Analysis, Key Projections:

1. First Phase - Healthy Pullback: 72400 to 68850

This move from 72400 to 68850 is a controlled pullback, not a downtrend.

2. Second Phase - Equal-Distance Drop: 68850 to 65250

The drop from 68850 to 65250 marks the first true downtrend, with an initial neckline target at 65250.

3. Third Phase - Equal-Distance Drop: 65250 to 61660

Moving from 65250 down to 61660 represents the second leg of the equal-distance drop, aiming at the W-bottom’s final low point around 61660.

Projection:

• November 5: Likely to reach the first target at 65250.

• November 7: Expected to hit the second target at 61660.

Today is November 3, with the current price around 68500.