Summary: Following up on the previous analysis, the prior objective has been achieved; now we observe a trend of downward oscillation. Price Projection Going Forward: After oscillating near 63,100, the price begins to decline, with the deepest target at 62,690. Note: If the price quickly rebounds above 62,690, the trend may resume upward. If it fails to recover, a significant downward move is likely. Previous Price Projection: A period of consolidation occurred between 62,711 and 62,967. After stabilizing above 62,967, a minor rebound was expected, pushing prices to 63,200–63,500, with a potential breakout beyond 63,700. Actual Price Movement: The price peaked at 63,617 before reversing and is now trading near 63,100. Subsequent Trend Analysis: Order Book Vacuum: In the short term, this favors bearish pressure. However, the last historical bearish zone (63,689–63,291) is about to be filled; once filled, consolidation is expected. Medium-term: Consolidation trend. Long-term: This rally has just filled the historical bearish zone (63,571–63,275), suggesting continued sideways movement. Overall: Short-term remains bearish; short-to-medium term points to consolidation. Price Channel Indicators: - Short-term volume-weighted average (VWAP): 63,530 | Upper: 70,090 | Lower: 58,260 - Medium-term VWAP: 63,160 | Upper: 66,810 | Lower: 58,260 - Long-term VWAP: 70,210 | Lower: 59,300 Current price is below both medium- and short-term VWAPs, indicating downward pressure. Medium-term VWAP (63,160) and short-term VWAP (63,500) act as resistance. Price is expected to oscillate between 63,160 and 63,500. - Short-term EMA: 64,540 | Upper: 66,230 | Lower: 61,870 - Medium-term EMA: 63,630 | Upper: 66,810 | Lower: 58,310 - Long-term EMA: 63,830 | Upper: 64,950 | Lower: 62,690 Price remains weak. Crucially, the long-term EMA has compressed price action significantly—indicating an imminent directional breakout, likely downward toward 62,690. Combined with both indicators: Price is under bearish pressure and confined between 63,160 and 63,500. A break below 63,160 without recovery signals a drop toward the long-term lower bound near 62,690. Institutional Order Blocks: - Short-term: Latest bid at 62,608 | Offer at 63,148 - Medium-term bid floor: 62,128 - Long-term latest bid floor: 61,897 This suggests short-term buy/sell orders have been fully absorbed and new accumulation is extending lower. Medium-term accumulation is also extending downward. Accumulation remains active—price may continue declining toward 62,128 or even 61,897. Limit Order Consumption: No new bullish breakout lines have formed. Bulls attempted to break through the historical bear resistance at 63,800 but only reached halfway before reversing. No clear bullish support zones are visible below—price may retest 62,900 before attempting another rally. Liquidation Pain Zones: Short-term bull pain zone: 62,711–62,967. Price has now stabilized above 62,967, which has become support. As long as it holds above this level, a wide-ranging upward oscillation is likely. A break below with no recovery could trigger a sharp drop toward 61,600–61,400. 综合分析 (Comprehensive Analysis): - Order Book Vacuum: Short-term bearish; medium-to-long term consolidation. - Price Channel Indicators: Price oscillating between 63,160–63,500. A break below 63,160 without recovery targets 62,690. - Institutional Order Blocks: Medium-to-long term downside potential toward 62,128 or even 61,897. - Liquidation Zones: 62,967 is critical support. Failure to hold may trigger a drop to 61,600–61,400. - Limit Order Consumption: No clear bullish or bearish momentum—possible retest of 62,900 before next rally. The prior rally converted the long-term bearish trend into consolidation—but the short-term objective remains unfulfilled with no clear bullish momentum. Short-term bias remains bearish. Downward target: Near 62,900. Key support levels during decline: 63,500 → 63,160 → 62,967. A break below these levels finds support near 62,690. Current outlook: Price likely to consolidate near 63,100 before a modest decline to around 62,690. Without institutional intervention after the dip, a rebound back to ~63,100 is expected followed by another attempt to rally toward 63,800.