7.23 Jack evening session: big plate analysis of the second pancake

In the early stage, the prior high was 65,468.92. The overall large cycle has continued to churn in a downward range; the price stayed throughout below the moving averages. Every rebound has been suppressed by the moving averages, making it difficult to break out into a sustained upward行情.
In the middle, the market saw multiple back-and-forth consolidations and adjustments, but it still failed to break through the pressure brought by the moving averages. After the consolidation ended, it started a new round of selling again, with the low probing down to the 64,728 low point. The current price has rebounded slightly to around 64,858.

This short-term rebound is only a minor correction after a big drop. The moving average overhead pressure remains strong. Don’t mistakenly treat this brief short-term bounce as a full reversal. Next, focus on the 64,728 prior-low support. Once this support level is broken, the room for further pullback will expand even more. For the market to truly turn weakness around, the price must hold above the moving-average pressure zone.

At present, the overall bearish trend is very clear. It’s not suitable to blindly enter to bet on a short-term rebound. Wait patiently for the market to show a clear and stable signal that selling has paused, and then consider subsequent layout opportunities. #二饼