From a trend structure perspective, after this round of decline, the price has fully entered a downward channel, with the moving average system showing a clear bearish alignment. Short-term rebounds have repeatedly faced resistance and failed to form an effective reversal, confirming the dominance of the bearish trend. As of now, the price is at 71,517.8, in a low consolidation zone after the decline. Although there are signs of a slight stabilization, there is a lack of momentum for a sustained upward push, representing a typical continuation of the downtrend.

Considering key price levels, the main resistance above is concentrated around the 72,000 integer mark and the 72,100-72,200 range. The key support below is at the previous low of 71,259 and the 71,000 integer mark. Until a clear trend reversal occurs, trading should strictly follow the trend principle, focusing on shorting rebounds and avoiding blind bottom-fishing.

In terms of specific operations, you can wait for the price to rebound to the 71,800-72,000 range and face resistance, then gradually establish short positions. The targets are sequentially 71,200-71,000. If the price effectively breaks below 71,000, you can follow the trend to look for even lower levels. #Gate上线Pre-IPOs