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Evening Market Outlook
Intraday market movements flexibly control the long and short rhythm, with the hourly chart clearly showing a sharp rise followed by a pullback, and prices quickly declining from the intraday high, consecutively forming bearish candles.
It is clearly felt that there is heavy selling pressure above, and the bullish momentum is continuously weakening, with the short-term market shifting from strength to weakness, beginning to enter a correction phase.
Key Price Levels
Support
First support at 76,800, the intraday low point
Second support at 76,000-72,000, previous oscillation low range
Resistance
First resistance at 77,700-78,200, the platform level previously broken
Second resistance at 79,000, the intraday high
Currently, the market has not broken out of the large oscillation range, and trading should revolve around key levels, with short-term trading focusing on buying low and selling high.