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Collapse of Defense Line: Brothers, this is bad news! Just now, we were still hoping that 74,300 could hold as a double bottom, but just now, the main bearish force kicked through 74,295 (yesterday's V reversal point / intraday bottom). The current price of 74,141 means that the last trench of the bulls above 74k has been flattened.
Panic Spreading: After breaking below 74,295, a large number of "stop-loss orders" and "short chasing" positions will enter the market. The current pattern is a standard "breakdown." If the price cannot quickly recover above 74,500 within the next hour, this will be confirmed as an effective breakdown, and the market will enter a "free fall" mode.
Clear Target: Since 74k is broken, the area below is a vacuum zone. All technical analysts and quantitative robots in the market now have only one goal—72,000. This is the ultimate technical level for Wave C correction and the last "Normandy" for the bulls.
1. Support and Resistance Levels (Fish Nightly Precise Edition)
🟢 Short-term support (1-3 days, looking for a new bottom)
73,500: Immediate support. The inertia buffer zone after breaking below 74k. Short-term speculative traders may attempt to catch the falling knife here, but the strength is uncertain.
72,000: Core support (Wave C limit). The most critical! This is the ultimate target of the large cycle wave theory and the deep bear line of defense. The first touch will definitely trigger a rebound.
70,000: Psychological bottom line. The trillion-dollar market cap integer threshold, reaching this level would mean "bloodshed."
🔵 Mid-term support (1-2 weeks, swing)
69,000: Historical bottom. The highest point of the previous bull market, an absolute "diamond bottom."
65,000: Long-term bull market trend line.
60,000: Bull-bear dividing line.
🔴 Short-term resistance (1-3 days)
74,300: Immediate resistance (top-bottom reversal). The focus of the market! The previously broken 74,295 bottom now instantly becomes the heaviest "lid" overhead. A rebound here is a shorting entry point.
75,500: Strong resistance. The high point area of intraday rebound.
76,244: Core resistance. The previous "Target 1" support, now an unreachable ceiling.
🟠 Mid-term resistance (1-2 weeks)
78,500: Range pressure.
80,000: Lifeline.
82,000: Golden ratio level.