Summary:
Building on the previous section, prices are currently temporarily stabilizing, entering a period of consolidation. After the consolidation, the price will likely experience a small rebound.
Next price projections:
62711-62967 will undergo consolidation for some time. After that, once it holds above 62967, there will be a brief rebound, rising to 63200-63500, with the extreme scenario breaking through 63700.
Previous price projections:
Around 64540, prices consolidate and then break through 65161-65300, with the extreme scenario breaking through 65518. After breaking through, it may pull back to around 64200, or even briefly spike to 63800. However, because the moving-average line provides support, the price would likely return to around 64500 and consolidate again.
Actual price movement:
After consolidating around 64540, the price spiked up to 65391 and then started to fall. After consolidating around 64400, it directly broke below 63800, and is now around 62800.
Next price movement:
Comprehensive analysis:
Liquidation pain point: 62711-62967 need a longer period of consolidation and turnover to complete the shakeout. Only after holding firmly above 62967 can we consider the downtrend to be ending.
Chip vacuum: There is a possibility of a rebound back to 63500 during the ongoing downtrend.
Price channel: The support line is around 61800, but prices have already fallen below the average price level of 63500. The market will move back toward the average, so the trend is expected to gradually stabilize and move toward 63500. However, when selling pressure appears, the price may slide toward 61800 at any time.
Institutional volume-price order blocks: In the medium term, there is a trend of accumulating positions and building a base through consolidation. It may not temporarily break below 62230 or 61897.
Limit order absorption: The bears are attacking. But as the attack pauses, the market will freely slide toward 63249 and 63797.
Overall:
The target for liquidation-driven liquidity has been completed, and price needs to return to around the average price of 63500.
During the return, it first needs a longer period of consolidation and turnover in the higher-liquidity zone of 62711-62967.
After holding above 62967, the gap will likely fill with prices returning to 63200-63500, and the extreme case may spike to 63700.
The lower support area around 61800 aligns with both accumulation limit orders and the lower bound of price, forming strong support. Even though the accumulation limit orders are attractive, it’s more likely to be a defensive base-building phase.
Building on the previous section, prices are currently temporarily stabilizing, entering a period of consolidation. After the consolidation, the price will likely experience a small rebound.
Next price projections:
62711-62967 will undergo consolidation for some time. After that, once it holds above 62967, there will be a brief rebound, rising to 63200-63500, with the extreme scenario breaking through 63700.
Previous price projections:
Around 64540, prices consolidate and then break through 65161-65300, with the extreme scenario breaking through 65518. After breaking through, it may pull back to around 64200, or even briefly spike to 63800. However, because the moving-average line provides support, the price would likely return to around 64500 and consolidate again.
Actual price movement:
After consolidating around 64540, the price spiked up to 65391 and then started to fall. After consolidating around 64400, it directly broke below 63800, and is now around 62800.
Next price movement:
Comprehensive analysis:
Liquidation pain point: 62711-62967 need a longer period of consolidation and turnover to complete the shakeout. Only after holding firmly above 62967 can we consider the downtrend to be ending.
Chip vacuum: There is a possibility of a rebound back to 63500 during the ongoing downtrend.
Price channel: The support line is around 61800, but prices have already fallen below the average price level of 63500. The market will move back toward the average, so the trend is expected to gradually stabilize and move toward 63500. However, when selling pressure appears, the price may slide toward 61800 at any time.
Institutional volume-price order blocks: In the medium term, there is a trend of accumulating positions and building a base through consolidation. It may not temporarily break below 62230 or 61897.
Limit order absorption: The bears are attacking. But as the attack pauses, the market will freely slide toward 63249 and 63797.
Overall:
The target for liquidation-driven liquidity has been completed, and price needs to return to around the average price of 63500.
During the return, it first needs a longer period of consolidation and turnover in the higher-liquidity zone of 62711-62967.
After holding above 62967, the gap will likely fill with prices returning to 63200-63500, and the extreme case may spike to 63700.
The lower support area around 61800 aligns with both accumulation limit orders and the lower bound of price, forming strong support. Even though the accumulation limit orders are attractive, it’s more likely to be a defensive base-building phase.
