2.28 Older Brother and Second Brother
After the neckline at 67,000 was effectively broken, the price entered a downward wave, continuously completing BOS breakout and CHOCH structure transformation, officially establishing a bearish trend.
The downward phase shows a one-sided decline, with no stepwise consolidation, stabilizing at around 63,000.
Currently, the price has broken below the support of the 30-minute converging triangle. The previous bullish engulfing rebound structure has failed, and the short-term market has shifted from a rebound consolidation to an oversold weak rebound correction.
Older Brother rebounds from 64,000, with resistance around 65,000, aiming lower near 62,400, and breaking below to target 60,000.
Second Brother rebounds from 1,870, with resistance around 1,920, aiming lower near 1,800, and breaking below to target 1,730.
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