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The bearish trend has not reversed; it is currently in a low-level narrow-range oscillation and bottoming phase after the decline
MACD maintains a bearish arrangement below the zero line; there is a brief golden cross on the 4-hour level, but the red bar volume is weak, only a technical correction, not a reversal
First resistance level: 1585 entry position
Second resistance level: 1600-1620, only if 1620 is held can the decline be alleviated
Third strong resistance: 1650, if broken with volume it will reverse to bullish
First support: 1550, a breakdown will accelerate the decline
Medium-term support: 1505-1500
1500 determines the trend for July
If 1500 is held, it will oscillate broadly between 1500 and 1700