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Market continued overnight in the early morning, with the bullish momentum rising to around 62,800 before forming a wedge and pulling back to around 61,000. The daily chart shows a shrinking top with a doji star, and the four-hour bullish trend is gradually increasing. The hourly bearish trend is shrinking and gradually moving upward.
Thursday morning:
Market around 61,300-60,800, watch for a move toward 62,000-62,500.
Market around 16,150-15,900, look for a move toward 16,500-16,700.
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