The large red candle just now was a volume-driven sell-off, directly breaking through the lower boundary of the consolidation zone, with the low reaching around 64269, followed by a quick rebound.

A few key points:
1️⃣ The decline was accompanied by high volume, indicating this is not a test but an emotional release.
2️⃣ There is some rebound strength, but it has not yet recovered the previous break level.
3️⃣ Currently, the price is consolidating below the break level, essentially a "retracement confirmation after the break."
If the 1-hour chart cannot recover the original consolidation zone, this is more likely a continuation of the decline rather than a V-shaped reversal.
The true strength of Zhen is to quickly recover and stabilize above the broken level. Otherwise, it’s just a correction after a fall.
Don’t rush to chase the bottom now; wait for the market to prove itself.