Analyst—Mark

1. Weekly Level:
Regarding the candlestick chart, last week’s candlestick was quite strong, still a large bullish candle, and has already consecutively closed four bullish days. The bulls show no signs of weakening and are still pushing strongly, but the trading volume has decreased somewhat. Last week’s bullish candle’s upper shadow tip reached the 79,500 resistance (Fibonacci 0.5 zone resistance). This week, focus on whether this resistance can be broken further; if broken, it will reach the 83,500 resistance zone (Fibonacci 0.619 + FVG gap). If the 79,500 resistance fails to break, then pay attention to the support around 75,000 (W bottom neckline + Fibonacci 0.382).
Technically, last week’s large bullish candle breakout was crucial, breaking through the Vegas resistance and the middle band of the Bollinger Bands. If the price retraces to test these two supports without breaking below, it may push upward again.
MACD has just formed a bullish crossover below zero, with bullish momentum continuing to expand. Both KDJ and RSI are trending upward, which is favorable for further rebound.

2. Daily Level:
Regarding the candlestick chart, yesterday’s candle continued to close as a small bullish candle below the 79,500 resistance. The price has been consolidating sideways at this level for five consecutive days. Once this consolidation ends, a direction will be chosen. Currently, there are two possible scenarios:
(1) The first scenario is that the current price remains within the bullish upward channel, showing overall strength. The price is moving sideways at high levels, and after the consolidation, there is a chance for a direct breakout, reaching the weekly resistance zone around 83,000.
(2) The second scenario is that the price fails to break through the 79,500 resistance directly, as this level faces Vegas death cross resistance + channel upper boundary resistance + weekly Fibonacci resistance. The price may fall back to the neckline area below + the channel midline at 75,000 for another rally. If it does not break below 75,000, the price is expected to rise again.
On the secondary indicators, MACD has just formed a death cross, and both KDJ and RSI are in the overbought zone, indicating a potential correction.
Regarding Bollinger Bands, the price is moving around the middle and upper bands, showing a bullish upward trend. The middle band at 75,000 is resonating as support, and reaching this level could attract more buyers.