On June 23, 2025, in the market conditions, we observed some notable trends and key points.

Overall, the current market structure still leans towards a downward trend, with the weekly chart indicating that 97000 is an important point of focus. However, if the market can reach previous highs, we may see new highs emerge, which would change the current market landscape.

On the daily chart, we see a bullish candle closing near the 1060 level, but it has not yet broken through this key resistance level. If it fails to break through, the market may retreat to the 1037-1027 range. It's worth noting that the 98200 level on the weekly chart is also an important reference point; if it falls below again, it may confirm the continuation of the downtrend.

The 4-hour chart shows that 106 is a key watershed. Only if it stays above 106 can the bulls maintain an advantage. If the market remains below 106, bearish pressure still exists, with the support range between 104 and 1038.

It is particularly important to be vigilant that if the price falls below 1027 and stays at that level, the market may re-enter a prolonged bear market.

Currently, the market seems to be at a critical decision point. Investors should closely monitor the performance of these key levels, as well as any potential breakout or reversal signals. Additionally, attention should be paid to the potential impact of external factors on the market.

Please remember that market analysis is for reference only and does not constitute investment advice. Before making any investment decisions, be sure to conduct thorough research and consider your own risk tolerance.