币界网报道：The SPX6900 has fallen 16% in the past 24 hours, but this may be just a corrective adjustment rather than a trend reversal. In the past month, the SPX6900 has recorded a 106% increase, and the current decline is considered a correction. Technical analysis shows that the SPX may see another strong rebound after further declines in the key support area. This support area has triggered price increases many times. If it fails to hold, it may further decline to three key reversal points of $1.30, $1.22 and $0.91. The Bollinger Bands indicator shows that the SPX has fallen below the middle band and may test the support near the lower band, which has historically triggered rebounds. The money flow indicator (MFI) shows that the inflow of funds has decreased, but it is still in the bullish range, suggesting that buying may return at any time. The sentiment in the derivatives market remains bullish, and the funding rate has turned positive, indicating that long traders are dominant. Although the position has declined, investor confidence remains strong. Overall, the sharp drop of the SPX6900 is more like an adjustment, and a new round of rebound is expected in the future.