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78000 long-term struggle without success, is the follow-up a breakthrough or a big drop?
This is also a confusing point for many people, so let me share my opinion.
Tonight's market is fluctuating between rallying and crashing, feeling like a shakeout? No
Everyone should have also noticed that the 78000 level has been repeatedly tested many times.
Every time it surges up, it is forcibly pushed back by funds!
This indicates that this is no longer just a normal resistance level, but a zone jointly suppressed by the 8-hour, 16-hour, and even longer EMA52 moving averages, with extremely firm bearish defense.
Currently, there are two possible paths:
✅ If tonight can break through 78000 with volume and hold steady, the daily-level rebound space will be fully opened, and there is still potential for further upward attack.
❌ But if it still repeatedly surges but cannot break through as before, then be alert!
The so-called “long-term attack without success must lead to a big drop”!
Once the bullish momentum is exhausted, a quick downward move could easily follow!
So at this critical level, everyone can only wait patiently.
Rather than guessing how the market will open, it’s better to wait for the close to give the answer!
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