Last night's sharp market decline briefly touched key support zones. Although the defense line was narrowly held, the continued pressure and volume expansion in the early session did not further open up downside space, indicating that current selling pressure has approached phase exhaustion. From the retracement structure perspective, while bears are still probing, momentum is clearly insufficient.

On the 4-hour chart, continuous bearish candles seemingly favor the shorts, but upon closer observation, the K-line body lengths are gradually shortening, and the decline slope is clearly decelerating—typical characteristics of bears depleting their momentum. Meanwhile, after the price broke below the 68000 round level, it did not accelerate downward. Instead, it repeatedly consolidated at lower levels, suggesting that buying support below is strengthening and market sentiment is gradually recovering from panic.

Recommendation: Go long around 67300 and 66800, targeting 69500 initially, and watching for 71600 on a breakout.
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