The evening market trend today fully confirms the previously given range projection. This morning, it was emphasized that there is strong resistance at the upper轨轨道 of 62070 to 62138. Sure enough, after the price surged to a high of 62078, it completely lost upward momentum, and the bullish momentum quickly exhausted, leading to a sustained decline.

From the perspective of the track structure, this round of recovery has been entirely relying on the midline support. After hitting the upper rail during the surge phase, a large number of short-term profit-taking positions exited collectively, causing a rapid reversal of bullish and bearish forces. Although the current price is temporarily holding above the midline of 61880, the overall upward pace has clearly slowed down. Each small rebound is accompanied by selling pressure, and the rebound strength weakens with each attempt, which sufficiently indicates a strong willingness for capital to exit at high levels.

Many people become blindly optimistic after seeing the continuous rise in the early stage, ignoring the natural suppression of the upper track. They only focus on small bullish candles and fantasize about further upward movements, overlooking the risk of a decline from high levels. Combining the track operation rules, it is not difficult to see that if the price fails to hold above the 62138 upper rail, the short-term upward space for this round is already closed, and a volatile pullback is only a matter of time.

Currently, the market has formed a clear layered range, with short-term strong resistance locked at 62078. As long as subsequent rebounds cannot break back above this level, the decline will not end. The first support point below is the midline of 61880. Once the closing price effectively breaks through here, the mid-term upward framework will be directly invalidated, and the market will further test the lower rail support at 61625.

At present, the overall rhythm is inclined toward weak consolidation. Chasing long positions at highs is no longer cost-effective. A rebound to the resistance zone is a window to reduce positions and exit. Relying on years of experience in track structure analysis, high and low points, as well as support and resistance ranges, can be predicted in advance, so one will not be deceived by short-term bullish candles. Market fluctuations can never escape the constraints of the track framework. Blindly following the trend without understanding the structure can easily lead to being trapped at highs and suffering unnecessary volatility losses.

Going forward, the key focus is on the 61880 midline watershed. If it holds, a narrow range consolidation will continue. Once lost, a deeper pullback will begin. In operations, one must be cautious with every rebound opportunity and avoid the risk of holding long positions at highs.
#gStocks代币化股票上线 #非农爆冷打压加息预期 #预测世界杯阿根廷VS佛得角 #ETH突破1700 #Meta卖算力引发存储股大跌