Let's analyze the market a bit; everyone can use this as a reference.
I remember telling a fan about the 65525 level before, and the lowest point really reached 65289 on the chart, which is quite close.
Currently, we are 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 exited this range yet, it's best to wait for the price to dip further to find a support level before making a new buying decision.
I just took a look at the 12-hour chart, and the price has returned to the neck line of the 'head and shoulders' pattern; bulls and bears are starting to compete again.
The current candlestick chart looks like it might change direction. The daily candlestick price might also drop a bit more.
To put it simply, what we need to do now is wait for the price to return to the sudden drop low from yesterday, then we can seize the rebound.
From the hourly chart, the bulls and bears are really stalemated right now; the bulls have a slight edge, but they still can't determine which way the market will go.
We can prepare to buy at the low point; if the price rises and breaks through 67800, leaving the current consolidation area, 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 below that, 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 level with volume, we can act when it retraces.
I am Zhang Sao, and I hope this gives you some direction. Be mindful of risks and invest rationally!
