🦅 Flying Fish urgent message late at night: 68,000 life and death line rebound is blocked! The bulls are attempting to 'break out', is it a desperate counterattack or a dead cat bounce?\u003ct-83/\u003e \u003cc-85/\u003e \u003ca-87\u003eClick to join the Flying Fish strategy chat room\u003c/a-87\u003e
Latest situation deep review (rebound confirmation):
Troops are at the gate: Brothers, tonight is the judgment day for the bulls! After breaking below 68,000 (the top of the range/lifeline) yesterday afternoon, the price dropped to around 67,200 for brief support. Now, taking advantage of the liquidity from the U.S. stock market opening, the bulls are launching a counterattack, trying to reclaim the lost ground of 68,000.
Top and bottom conversion (S/R Flip) verification: Current price 67,844 is just one step away from 68,000. Keep a close watch here! If it can hold above 68,200 tonight, it indicates that yesterday's breakdown was a 'false breakdown', and the market still has hope; but if it spikes and then falls back, forming a long upper shadow, this is a standard 'retest after a breakdown', and the next move will be the C wave downtrend, heading straight for 66,000.
Volume divergence: The current rebound has clearly decreased in volume. The bearish forces have heavily stationed above 68,000 (liquidation + trend shorts). Without significant positive news, it is extremely difficult to directly break through this 'steel plate'.
1. Support and resistance levels (Flying Fish Late Night Calculation Edition)
🟢 Short-term support (1-3 days, intraday defense)
67,200: Immediate support. Yesterday's spike low point, also the starting line for the 1-hour level rebound. If it falls below here, the rebound ends.
66,500: Strong support. The first target level for short-term pullback.
66,000: Core support (golden pit). A strong buying area recognized by both bulls and bears, also the last line of defense for the medium-term trend.
🔵 Medium-term support (1-2 weeks, swing)
65,000: Lifeline. Absolute safe bottom, the last dignity of the bulls.
63,600: Phase iron bottom.
60,000: Century bottom.
🔴 Short-term resistance (1-3 days)
68,000: Immediate resistance (life and death ordeal). The focus of the entire field! Yesterday's support is today's pressure. If it can't stand up, it's a 'dead cat bounce'.
68,800: Strong resistance. The midpoint of the previous oscillation platform, a bearish defense level.
69,500: Core resistance. False breakout high point.
🟠 Medium-term resistance (1-2 weeks)
70,300: Early week temptation high point.
71,200: Previous high resistance.
72,000: C wave turning point.
2. Comprehensive analysis and best entry strategies
Comprehensive view: Currently at 67,844, in the 'key resistance level rebound test' stage.
Bearish strategy (dominant): Trend is bearish, anything below 68k is seen as a rebound. The strategy is to 'short against 68,000 - 68,200', betting on effective top-bottom conversion.
Bullish strategy (defensive): Chasing long positions at current prices is gambling (there's a steel plate above). The only long position worth trying is at the structural support level of 66,000 - 66,500.