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Yesterday's surge and pullback closed with a long upper shadow, indicators are overbought, and bullish momentum is waning. Today mainly consolidates with a pullback, making it difficult to sustain a continuous upward trend.
The 4-hour ascending channel has not been broken, but there is obvious resistance above. Currently in a high-level shakeout and consolidation phase, as long as key support holds, the bullish trend remains unchanged. The hourly chart shows short-term weakness, with upward momentum exhausted and indicators turning downward. The morning session is more sideways and weak, with resistance encountered at rebounds.
Operation: Short when rebounding to 4700–4730 with signs of stalling, targeting 4660–4620, and breaking below to look at 4600.