Summary: Following the decline, the market is entering a consolidation phase with slight upward recovery. Price Projection: The price will oscillate for an extended period between 77,010 and 77,589. Once it stabilizes above 77,589, it is expected to return toward 78,000. Note: If another decline occurs, the price is likely to test 76,300 and potentially spike below 76,124. Previous Context Recap: The price oscillated between 78,537 and 77,930, then broke below 77,896 and subsequently fell below 77,170 before returning to oscillate near 78,000. Actual Price Movement: Consistent with our expectations, the price broke below 77,896 and rapidly dropped below 77,170, reaching a low of 76,867. It has since rebounded and is now oscillating near 77,000. Future Outlook: - Liquidity Void: Short- and long-term outlooks indicate consolidation; medium-term outlook remains bearish. - Price Channel: - Short-term VWAP: 78,340 | Upper: 94,690 | Lower: 67,640 - Medium-term VWAP: 68,080 | Upper: 79,800 | Lower: 65,600 - Long-term VWAP: 70,180 | Upper: 93,140 | Lower: 72,450 The most significant change is in the medium-term VWAP, which has shifted sharply lower. Although price remains above the medium-term VWAP of 69,690, the upper boundary has also declined to 79,800. Current price is below the medium-term VWAP of 78,340, indicating a downward trend—but with potential for a rebound toward the average. - Volume-Weighted Average Price (VWAP): - Short-term: 68,690 | Upper: 81,740 | Lower: 58,330 - Medium-term: 67,800 | Upper: 81,710 | Lower: 58,360 - Long-term: 70,660 | Upper: 81,710 | Lower: 62,500 All lines have retraced; price remains above all averages, which continue to provide support. Overall, price remains above most averages, suggesting a relatively bullish bias. However, the strong support level near 70,000 is distant. The upper boundary has been pushed down to 79,800, while the short-term VWAP remains at 78,340. Price may rebound toward this level, but averages will gradually decline and eventually settle below 78,340. Limit Order Consumption: Short- and medium-term bearish pressure continues; recent historical long positions have been fully absorbed—target objectives met. Long-term long positions have also been filled; targets achieved. Current phase is consolidation. However, historical long support near 76,300–74,480 remains close and may be tested if another decline occurs. Volume-Price Order Blocks: The short-term accumulation zone floor at 77,586 has been breached and fully traded. The critical medium-term accumulation zone overlaps with historical orders at 76,393–76,838. Simultaneously, three consecutive candles have placed accumulation orders from 76,124 to 77,243—this may signal the beginning of a bottoming pattern. Long-term distribution orders above 81,000 remain strong and continue to suppress upside movement. This indicator suggests the downtrend has likely ended and consolidation has begun. However, if price declines again, it may break below 76,124. Liquidation Pain Points: The new medium-term long liquidation zone (77,312–77,010) has been successfully breached and is now acting as an oscillation zone—price may remain trapped here for extended consolidation and position rotation. Similarly, the short-term historical long liquidation zone (77,284–77,589) also requires consolidation and turnover. This indicator suggests price will be drawn into prolonged oscillation between 77,010 and 77,589; only after stabilizing above 77,589 will a new trend emerge. Comprehensive Analysis: - Liquidity Void: Short- and long-term outlooks indicate consolidation; medium-term outlook remains bearish. - Price Channel: Upper resistance at 79,800; strong support near 70,000. Price is expected to gradually rebound toward the area below 78,300 for consolidation. - Volume-Price Order Blocks: Downtrend appears complete; consolidation has begun. Caution: A renewed decline may break below 76,124. - Limit Order Consumption: All three timeframes’ targets have been met; consolidation underway. A further decline could test 76,300. - Liquidation Pain Points: Price will likely remain confined to prolonged oscillation between 77,010 and 77,589. A breakout above 77,589 is required to initiate the next trend phase.