Midnight Liquidation

From the trend of "sharp rise followed by pullback + volatility," the main force may be "sweeping losses in both directions" within the range of 61380~63272.

The previous oscillating price repeatedly fluctuated in the range of 59488~62326, with horizontal bars (liquidation volume) relatively even, indicating gentle turnover between bulls and bears.

A mid-term breakout caused the price to rapidly rise to near 63272, then pull back. At this point, the horizontal bars (especially yellow/green) in the 62326~63272 range lengthen significantly, indicating a sharp increase in long liquidation volume in this range (price spikes high then falls back, with longs being "swept out").

Later, the volatile price oscillates again within the 61380~62326 range, with dense horizontal bars (green/yellow), showing this range as the core battleground for bulls and bears.

Key Liquidation Zones
The first tier concentrates in the ranges of 61380~62326, 62326~63272, and 63272~64219.
The second tier is distributed in the ranges of 60434~61380 and 59488~60434, serving as "secondary support/resistance."

Short-term Support/Resistance Judgment
Strong Support: 61380~61400 range (dense liquidation volume + price tested multiple times without breaking), if a pullback occurs to this level, bulls may "counterattack" using the "liquidation account."
Strong Resistance: 62326~63272 range (maximum liquidation volume + price spikes high then falls back), if a rebound occurs to this level, bears may "suppress" using the "liquidation account."

Mid-term Caution:
If the price breaks above 63272 and stabilizes (4-hour closing price + increased volume), the upward space opens, targeting 64219~65215.
If the price falls below 61380 with increased volume, the next support is at 60434~59488.