Eighty thousand peak, short position downward


78500 — 79000
After this round of rally reaching the 80k level and peaking, the bearish momentum continues to be released, with the previous 78,283 area being the core starting point of this round of bullish surge, as well as the final critical support line for the bulls.
Once the market turns downward, this zone will become the first relay support level for the bears' decline.
If the price effectively breaks through this support zone, it indicates the complete defeat of the bulls' buying pressure, and the main downward wave for the bears will officially begin.
Reaching this zone allows for the realization of the first round of bearish profits and partial profit-taking.
The lower end is expected to be 77,000–78,000.
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