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We discussed that the selling pressure continues. Unfortunately, it couldn't surpass the 82,885 peak, and in the 4-hour time frame, the closing was below the 78,203 level.
As the decline approaches the 74,929 bottom, there is at least a possibility of buyers coming in as a reaction to the decline.
If it cannot recover here as well, the decline will deepen further. The 71,000-68,000 region is a Fibonacci support level; this area is an important support level. It is an area where buyers will say they have bought enough at a low.
When buyers strengthen, a rebound may occur again.
In the upward movement, we will follow the resistance levels at 98,000-109,000-107,000. If it reaches the 109,000-107,000 region, this will be an important resistance.
If it cannot stay above the last peak of 126,199, there could be another decline.
In deep declines, the 60,000 level is significant. A close below this level would mean sellers are gaining more strength, and the decline would deepen further.
In this case, the rise experienced is considered a correction of the decline.