Big🫓 after rising to the high point of 82800, the market did not continue to surge higher, and the key support level of 82200 also failed to hold, causing the market to quickly turn back and fall, directly dropping back into the previous flag pattern consolidation zone.

Subsequently, the price attempted to rebound and rally twice, trying to stay above 82190, but both attempts failed. The rebound was unable to break through the resistance, so the market naturally continued to decline, reaching the support level at 80800 below.
Previously, when the price first touched the 80800 support, it stabilized and rebounded, but the rebound was limited, only rising to around 81700 before encountering resistance and falling back, unable to open up upward space.
Now, on the second retest of the 80800 support, if it can hold here, it will still form a rebound trend. But this rebound is different; it must effectively break through the short-term high of 81700 for the bulls to continue the upward trend.
If it still cannot break through 81700, it will fall back again to test 80800. Once it reaches the third retest, this support is likely to break. Once 80800 is lost, the entire flag structure will be broken, and the next step will be to look for support around 79600.
Currently, it remains within the range of oscillation, which is the most stable trend. Only by stabilizing above 81700 can it break through the flag resistance smoothly, return above 82200, and have a chance to retest the previous high. Otherwise, the upward rally may come to an end.
From the 4-hour chart perspective, the previous bullish engulfing candlestick was a good sign of a rebound. However, the current candlestick pattern is weak, which can easily negate the bullish formation. At the same time, the lower trendline also faces the risk of being broken. Once the trendline is broken, the price will test the upper boundary support of the box.
As long as the upper boundary of the box is held, the short-term market remains stable; if it falls inside the box, a significant correction will occur on the 4-hour level, and the overall trend will shift from strong to weak.