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Early morning market surged to the 70,300 level then faced resistance and pulled back, dropping to the 69,200 support before rebounding to 69,900 and encountering resistance again. It then declined to around 68,200, entering a range-bound consolidation, with bulls and bears temporarily in a tug-of-war.
The daily chart has shifted from bullish to bearish, generally moving sideways around the midline without a clear trend; the four-hour chart shows a decreasing bullish momentum with a bearish close, indicating a normal pullback within a consolidation zone; on the hourly chart, after breaking below, the price did not continue downward but instead oscillated at low levels, forming a broad-range sideways trend overall.
Trading Suggestions:
Buy in batches near 68,300–68,800, targeting around 70,000–71,000#Gate广场四月发帖挑战