At present, Da Bing is consolidating around 71K and is in the confirmation period of retracement after breaking through the downward trend line. From the perspective of the 4H level structure, the spot market below is extremely strong, and the downward trend line that has lasted for several weeks has been completely broken. Currently, it is right at the intersection of the upward trend line and the breakthrough point, belonging to a typical bullish flag shape of accumulating momentum. OKX The sharp drop around 68K in the early stage, after violently clearing the long position leverage, directly led to a bullish candlestick rally, indicating that the main funds have a very clear intention to protect the market below. Combined with the recent release of panic in the US stock market, which has led to the repair of risk appetite, the recovery of macro liquidity is providing external support for the market, and the overall environment is still biased towards bulls. 71K: Resonant level of upward trend line and retracement, low suction range on the right side 69.5K: Defend the bottom line, once the entity falls below the short-term bullish structure, it becomes ineffective 73K: Short term resistance above, with no resistance after breaking through the previous high The bottom of the current market has started to rise continuously. Since the structure is shifting from idle to bullish, it is necessary to follow the main logic and maintain a bullish mindset. As long as there is no black swan in the macro market, there is a high probability that it will break through the previous high.