【From Volatility to a Change in Direction: Next Steps for Big Pie】

Overall, the market is still operating within the structure of a descending flag pattern; the pullback (rebound) is now almost complete, and conditions are entering the stage of selecting a new direction. Previously, assessments of the pressure at 75000, the volatile rebound after breaking below, and the assumption that price cannot return back into the channel—all of it now appears to be gradually starting to materialize.
From the current position view, the daily chart is still moving below the lower boundary of the flag pattern; MACD is starting to extend downward, and the overall weakening structure has not changed. In the short term, there is indeed support on the 4-hour (bottom-back) level, but on larger timeframes, no effective stopping signal for the decline has formed yet; therefore, here the odds are higher that it will keep ranging and then test support from below.
Next, the main focus is in the 63000-64000 range. If stabilization signals appear in that area, a rebound wave may occur to correct; if it keeps falling and breaks through, then the market could drop further to around 58000.
Overall, at this stage it is not recommended to chase price increases; it’s better to wait patiently for confirmation when there is a pullback (pullback). The big opportunities at the truly higher levels still need to wait for a lower position, or for a clear trend reversal signal
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