I try to use plain language to provide technical analysis so that beginners can understand.

Last night, after touching 62500, the 4-hour chart closed above 63000, then fluctuated up and down until this morning. It quickly surged to 66300 and then continued to decline. To mention this, I honestly placed a sell order at 66666 to sleep because that level is a resistance zone. I didn't expect the market maker to act unpredictably; every time it nears the resistance, it just weakens. I’m too lazy to complain, but it’s always just a little short of breaking through. Currently, the 64700-65000 range has been consolidating. If the support is strong enough, it could fill the liquidity gap between 67000 and 68500 and then resume a volatile upward trend. If the support fails, it’s likely to test new lows.

In the context of the larger cycle, the overall trend remains bearish; however, caution is advised when short-term trading, as a short-term rebound could occur. If you lack confidence in making trades, you can wait for signals from the chart analysis or order signals, and try to avoid trading on your own.