Periodic Moving Averages Overview

1. Daily Level: Price at 64,673, below EMA5 and EMA10, with EMA30 (68,145) forming strong resistance, rebound momentum stalls, downward pressure becomes evident.
2. 4-Hour Level: Price breaks below all short-term moving averages, which are turning downward; resistance at 65,600‑67,385, support at 63,844.
3. 1-Hour Level: Clear bearish arrangement, price continuously under pressure below moving averages, rebound strength is weak.
4. 15-Minute Level: Trend gradually declines, short-term bears dominate, small-cycle rebounds are considered only as corrections.

Key Price Levels

- Support: 64,532 (intraday low), next support at 63,844
- Resistance: 65,200‑65,725, strong resistance at 67,270

Bull and Bear Conclusions and Entry References

1. Bearish (Priority Strategy)

- Entry Range: Short at 65,100‑65,300, stop loss at 65,740, target at 64,532, second target at 63,844
- Breakout Short: If it falls below 64,532, add to short positions, stop loss at 64,900, target 63,844

2. Bullish (Only low-level buy speculation)

- Entry Range: Buy near 64,532, stop loss at 64,410, target at 65,200
- Reversal Long: After stabilizing above 65,725, wait for a pullback to enter, stop loss at 65,400, target at 67,270

Trading Points

65200 is the short-term dividing line between strength and weakness; until broken, mainly shorting on rallies, avoid blindly bottom-fishing.

Market volatility risk exists; pay attention to position control.