After the weekend adjustment, the market has continued to decline as expected with the key support level approaching crisis. Currently, all moving averages within 120 days have been broken through. The 71,000-72,000 range is suppressed by moving averages in the short term and represents a dense resistance zone that will be difficult to break through before a trend reversal.

The 70,000 level has already been lost in the short term and has turned into resistance. Key focus is on the 68,000 support level, which has been tested multiple times recently. A breakdown will shift overall momentum toward the downside. If the 66,000 level is effectively broken or if price explores toward 64,000 or lower below that.