Price Projection:
Around 65000, it consolidates. It breaks upward through 65600; after breaking through, it may continue to break through 65800 and possibly pierce 66000 briefly.
After breaking through 66000, it met selling pressure and started a slight pullback. The support zone is at 64847-64600.
Recap of the Previous Content:
Tight range trading around 64734, then a pullback begins. The first target is 64200. After it breaks down, support may be found around 63270-62800.
Actual Price Action:
After falling to the low of 64251, it began to rise steadily and is now around 65000. That is to say, it has broken through the target 65600 mentioned earlier in the price-limit engulfing scenario.
Subsequent Trend:
Intense game of give-and-take
Long term, multi-64900-67600.
In the mid term: long 65,000-67,250; short 64,300-63,300.
In the short term: long 64,847-64,600; short 64,966-65,139; short 65,400-65,539.
As long as it does not fall below 64,847, influenced by dense long actions in the long- and mid-term, the price will keep climbing, and the highest may reach around 67,200.
However, in the short term, within the 65,000-65,500 range, the market action is bearish. So the price may be capped and oscillate in 64,600-65,139, with no major pullback. But once it holds above 65,539, the price will begin a rapid rally.
Chip vacuum
The bulls’ latest frontline defense at 65,122-64,730 provides support to the price.
Price channel indicator
As the equal-quantity short- and mid-term moving averages each reach 63,390 and 62,620, the price is still oscillating against the mid-term upper band. That upper band has now moved up to 65,500. The current price is already above the bull-bear lines and the trend is upward, but it keeps pressing against the upper limit—watch for a pullback caused by selling pressure.
Institutional volume-price order block
The latest sell order position is 65,667, and it has also already reached the historical sell order zone. The highest price is 65,800. Due to the huge amount of pending sell orders, the price may break through 65,667 and then continue breaking through 65,800.
Limit-price absorption
The bulls continue their offensive against the latest frontline defense at 64,659-65,134. The target of this defense zone is historical short positions at 64,938-65,550.
It looks like the spike-in has already been completed. The next step is for the real body to break through 65,550.
After breaking up through 65,550, the price will quickly come to 66,000. As long as the real body pushes into 66,000, the price will break through 66,400—this is the extreme high level currently seen.
Comprehensive analysis:
After the prior text’s price high pulled back to around 64,200, it started moving toward the target mentioned in the prior text’s limit-price absorption. It broke through the historical short positions at 65,000-65,600.
It looks like the task is basically about to be completed. After the spike-in, the selling pressure price has been pushed down, but the target is quite clear: the real body needs to rise through the 65,600 area.
After breaking through 65,600, it likely breaks through 65,800 as well due to the institutional sell orders’ drawing effect. Once it breaks above 65,800 and there is no significant pressure above, it will quickly move to around 66,000.
And once the real body enters 66,000, the target will be 66,400. After breaking through 66,400, if it does not form a spike-in, the target would be 67,600. Breaking through this level would precisely mean leaving the long-term dense long-action area, so the high point might be at this level.
During this upward move, there will definitely be pullback oscillations. Right now, the support is likely around 64,600. Below, the bull-bear line support is around 63,400.
If there is a pullback, it should be around 64,600. This is also the bottom line of the bulls’ action zone. Once it breaks below, the path would still be the previous one: forming a base around 63,300-62,800.]
Summary:
Following the previous text: after a high-level consolidation with a slight pullback, it rises again.
Price projection:
Consolidation around 65,000. The rise breaks through 65,600; after breaking through, it may continue breaking through 65,800, possibly with a spike-in around 66,000.
After breaking through 66,000, it meets selling pressure and starts a modest pullback. The support is 64,847-64,600.
Previous text review:
Consolidate around 64,734, then start pulling back; the first target is 64,200. After breaking down, support will be found around 63,270-62,800.
Actual price action:
After the lowest pullback to 64,251, it starts rising all the way and is currently around 65,000. That’s the target mentioned earlier in the limit-price absorption: a break through 65,600.
Future price action:
Intense tug-of-war
In the long term: long 64,900-67,600.
In the mid term: long 65,000-67,250; short 64,300-63,300.
In the short term: long 64,847-64,600; short 64,966-65,139; short 65,400-65,539.
As long as it does not fall below 64,847, influenced by dense long actions in the long- and mid-term, the price will keep climbing, and the highest may reach around 67,200.
However, in the short term, within the 65,000-65,500 range, the market action is bearish. So the price may be capped and oscillate in 64,600-65,139, with no major pullback. But once it holds above 65,539, the price will begin a rapid rally.
Chip vacuum
The bulls’ latest offensive frontline at 65,122-64,730 provides support to the price.
Price channel indicator
As the equal-quantity short- and mid-term moving averages each reach 63,390 and 62,620, the price is still oscillating against the mid-term upper band. That upper band has now moved up to 65,500. The current price is already above the bull-bear lines and the trend is upward, but it keeps pressing against the upper limit—watch for a pullback caused by selling pressure.
Institutional volume-price order block
The latest sell order position is 65,667, and it has also already reached the historical sell order zone. The highest price is 65,800. Due to the huge amount of pending sell orders, the price may break through 65,667 and then continue breaking through 65,800.
Limit-price absorption
The bulls continue their offensive against the latest frontline defense at 64,659-65,134. The target of this defense zone is historical short positions at 64,938-65,550.
It looks like the spike-in has already been completed. The next step is for the real body to break through 65,550.
After breaking up through 65,550, the price will quickly reach 66,000. As long as the real body pushes into 66,000, the price will break through 66,400—this is the extreme high level currently expected.
Comprehensive analysis:
After the prior text’s price high pulled back to around 64,200, it started moving toward the target mentioned in the prior text’s limit-price absorption. It broke through the historical short positions at 65,000-65,600.
It looks like the task is basically about to be completed. After the spike-in, the selling pressure price has been pushed down, but the target is quite clear: the real body needs to rise through the 65,600 area.
After breaking through 65,600, it likely breaks through 65,800 as well due to the institutional sell orders’ drawing effect. Once it breaks above 65,800 and there is no significant pressure above, it will quickly move to around 66,000.
And once the real body enters 66,000, the target will be 66,400. After breaking through 66,400, if it does not form a spike-in, the target would be 67,600. Breaking through this level would precisely mean leaving the long-term dense long-action area, so the high point might be at this level.
During this upward move, there will definitely be pullback oscillations. Right now, the support is likely around 64,600. Below, the bull-bear line support is around 63,400.
If there is a pullback, it should be around 64,600. This is also the bottom line of the bulls’ action zone. Once it breaks below, the path would still be the previous one: forming a base around 63,300-62,800.