#美国证券交易委员会推进数字资产监管框架创新 NIGHT latest quote is 0.06916. Starting from the low of 0.04705, this rally has been quite fierce, but now around 0.07169 there's a clear sign of fatigue. Looking at the four-hour candlestick chart, the price has already approached the upper Bollinger Band resistance zone. Although volume has increased, the price can't move higher, indicating a typical exhaustion signal—suggesting that the bulls have basically used up their strength in this wave, and selling pressure is beginning to accumulate above.

From a technical perspective, the strong resistance during the rebound is very clear: the 0.0700 to 0.0720 range is a hurdle. Looking downward, the key support is at 0.0560 to 0.0580—this is both the middle Bollinger Band and a previous consolidation platform. Holding this line is acceptable; if it breaks, then we need to watch the even lower support at 0.0500 to 0.0520.

Trading strategy: consider partial short positions when the price rebounds to the 0.0685 to 0.0705 range, with stop-loss set above 0.0730, targeting 0.0600 to 0.0620. If it breaks directly below 0.0580, then decisively continue shorting, aiming for below 0.0520.