Summary: Following the previous analysis, the price has temporarily stabilized and entered a consolidation phase; after consolidation, a minor rebound is expected. Price Projection: After consolidating between 62,711 and 62,967, if the price holds above 62,967, a modest rebound is anticipated, targeting 63,200–63,500, with a potential extension to 63,700. Previous Price Projection: After consolidating near 64,540, the price broke through 65,161–65,300, with a possible extension to 65,518. Following the breakout, a pullback to around 64,200—or even a spike to 63,800—was expected, but support from the moving average was anticipated to pull the price back into consolidation near 64,500. Actual Price Movement: After consolidating near 64,540, the price spiked to 65,391 before declining. Following consolidation near 64,400, it directly broke below 63,800 and is now trading near 62,800. Future Price Outlook: Liquidation Pain Points: The short-term long liquidation zone of 62,711–62,967 has already been breached. A prolonged consolidation and rotation are required to stabilize above 62,967 before a trend reversal can be confirmed. Currently, no stabilization has occurred—expect continued consolidation or further decline. Order Book Vacuum: Short-term short attack zone: 63,689–62,801. Long-term short attack zone: 63,577–62,753. Current momentum favors shorts; no visible long-side activity. Further downside is likely. The market may naturally retrace toward the 63,500 level. Price Channel: - Short-term volume-weighted average (VWAP): 63,550 | Upper: 70,090 | Lower: 58,260 - Medium-term VWAP: 63,480 | Upper: 66,810 | Lower: 59,040 - Long-term VWAP: 70,210 | Lower: 59,300 Current price is below medium- and short-term VWAPs—downward trend confirmed. The 63,500 level now acts as resistance. - Short-term equal-volume average: 64,540 | Upper: 66,230 | Lower: 61,870 - Medium-term equal-volume average: 63,630 | Upper: 66,810 | Lower: 58,310 - Long-term equal-volume average: 64,080 | Upper: 64,950 | Lower: 63,310 Price is below all three equal-volume averages—downward trend persists. However, the short-term lower bound at 61,870 may act as support. Given that price has fallen below the long-term lower bound, a reversion toward the long-term lower limit of 63,310 is possible. These indicators suggest that price has broken below most moving averages. The primary support now lies near 61,870. A further decline toward this level is possible. Following a breakout below moving averages, price is expected to gradually revert toward the 63,500 average. Institutional Order Blocks: - Short-term accumulation lowest ask: 62,230 - Medium-term accumulation lowest ask: 62,647 - Long-term accumulation lowest ask: 61,897 Significant buy orders lie below current price levels and exert downward attraction. If price breaks below 62,230, it may head toward 61,897. However, recent medium-term asks are positioned above current levels—suggesting potential for consolidation and reversal. The lower order levels may form a base defense. Limit Order Consumption: Two major short attack zones: - Short/medium-term: 63,797–63,249 - Medium-term: 63,249–62,626 These zones confirm bearish momentum. However, once short selling pressure subsides, price may rebound toward the 63,249 level. Comprehensive Analysis: - Liquidation Pain Zone (62,711–62,967): Requires extended consolidation and rotation. Only after holding above 62,967 can the downtrend be considered exhausted. - Order Book Vacuum: A rebound toward 63,500 remains possible. - Price Channel: Support near 61,800 is strong; however, with price now below the 63,500 average, market dynamics suggest a gradual reversion toward this level. Should selling pressure resurge, price may quickly slide back toward 61,800. - Institutional Order Blocks: Medium-term accumulation suggests potential for bottoming and consolidation. A break below 62,230 or 61,897 is unlikely in the near term. - Limit Order Consumption: Short selling has dominated; however, as selling pressure eases, price may naturally drift back toward 63,249 and 63,797. Overall Conclusion: The primary liquidation-driven liquidity target has been achieved. Price now needs to revert toward the moving average near 63,500. Before this reversion can occur, extended consolidation and rotation are required within the high-liquidity zone of 62,711–62,967. Once price stabilizes above 62,967, a retrace toward 63,200–63,500 is expected—with a potential spike to 63,700 as an upper limit. The support level at approximately 61,800 coincides with both accumulation orders and the lower price boundary—making it a robust support zone. While these accumulation orders exert downward attraction, they are more likely to serve as a defensive base rather than a target for further decline.