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Any empty! Bold Kong! The previous announcement clearly indicated a short-term target of above 70,000 for shorting, with the first target at 68,000! Another 2,000-point small wave has been delivered! Wave traders take profits on one order at 70,000! Tuesday's opening marks a bright start, sweeping away past gloom!
From a technical perspective, 70,320 has formed a short-term double top pattern, with the neckline at 69,000 effectively broken by a solid bearish candle. The four-hour moving average system shows a bearish alignment, and a death cross has appeared on the MACD at high levels, indicating bearish momentum is being released. The one-hour chart shows the rebound highs are decreasing step by step (70,320→70,000), and lows are shifting downward (69,200→68,500). The RSI is below 40, in a weak zone, with clearly insufficient rebound momentum.
For subsequent operations, the 69,000-69,200 zone has become a short-term resistance, with support levels at 68,200 and the 67,500-67,800 band below. Given that two rebounds in the early morning were suppressed and no significant volume was seen to bottom out near 68,500, the rebound space in the Asian session is expected to be limited. The overall trend remains bearish, with rebounds still being shorted, and long positions should wait for a clear bottom structure to form.