Key Price Operation Reference

Resistance Levels (Short Position Zone)

1. First Resistance 1814–1827: Short-term strong resistance zone, shorting on rebound here, stop loss above 1850;
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2. Second Resistance 1849: Intraday high, a defensive level for bears before breakthrough;
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3. Ultimate Resistance 2112: Daily chart heavy trapped zone, profit-taking level for swing longs.

Support Levels (Long Position Zone)

1. Short-term Support 1784: Current watershed of strength and weakness, holding it results in slight oscillation, breaking below directly targets 1763;
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2. Strong Support 1763–1723: Extreme correction zone, core entry area for swing low longs;
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3. Lifeline Support 1708: 24-hour low, breaking below destroys the current rebound logic.

IV. Two Scenario Projections

1. Bull Repair Scenario (Main Wave)
Price rebounds to stabilize at 1760–1723 support zone, closes with a bullish reversal, re-challenges 1849, and after stabilizing, opens space above 1900.
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2. Bear Continuation Scenario (Short-term)
Break below 1784 support, short-term continuation downward, target 1763→1723, until daily support zone is reached, then the decline stops.

V. Trading Ideas

1. Short-term (1–6 hours): Light short positions on rebounds in the 1810–1825 range, target 1785/1765; if it directly breaks 1784, follow the trend to short;
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2. Swing (Daily level): Wait for a rebound and stabilization at 1720–1760 support before entering longs, first target 1849, break above to see 1900+;
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3. Watershed Observation: If 1784 holds, expect short-term oscillation; if 1849 stabilizes, short-term bearish logic fails, returning to bullish.