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Market from around midnight to around 70,500 sees the bulls rebound slowly and move upward to around 71,400, then fall back to around 70,500 to consolidate and trade. Currently, the daily chart structure shows reduced volume and a solid bearish candle. On the four-hour level, the “horn/band” incremental processing is running near the lower band, and the “horn/band” box is gradually reaching its peak. On the hourly level, the “horn/band” shows reduced volume with two consecutive bearish candles.
Monday morning:
Market around 2,170-2,145, watch for 2,225-2,255.
Market around 70,200-69,700, watch for 71,200-71,700.
The market is quite volatile; pay attention to risk control and defense. Profit within the range can be taken, and cash out in good time.
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