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Wednesday, April 16th afternoon. The current quote is around 750, with daily indicators showing a bullish structure, and support levels gradually moving upward. The key price on the daily chart is around 734; as long as it stays above 734, the bullish pattern remains unchanged, and the vacuum above could potentially reach 770.
The resistance level above is 760, which was previously tested; today, there is a high probability of an attack toward this resistance level, with the overall trend remaining bullish.
The strong support level on the 4-hour chart has moved up to the 732-736 range. After dipping near 734 yesterday, it stabilized and rebounded, with a slight volume increase during the early morning rally. This support zone remains effective (as long as it does not break below in a continuous manner), but if a volume-driven break below 732-736 occurs, caution is advised for a bearish trend.
On the 1-hour chart, the current market shows small fluctuations, with a short-term likely pullback toward 740, aligning with the larger bullish cycle.
Using the 732-736 range as a defense zone, one can look for long positions above 738-742. If the price breaks below the key support at 736 with volume, switch to a short position immediately, without holding onto the defense.