The market continues weak consolidation, oscillating repeatedly within the 62600-61300 range, with neither bulls nor bears breaking the deadlock further.



Rebounds have consistently failed to stabilize effectively, the short-term bearish structure remains unchanged. This consolidation is just a buildup in the downward continuation pattern. Short positions can be held patiently, with the next target focusing on the key defense line at 61290.
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MoMo'er
· 07-09 04:53
The current market on the whole is still continuing weak consolidation, oscillating repeatedly around the 62600–61300 range, and neither side—bulls nor bears—has been able to break the deadlock further.
The rebound has consistently failed to establish an effective base; the short-term top/peak structure has not been changed. This current consolidation is only an accumulation phase during a downtrend continuation. Traders may hold short positions patiently, and for the next step, the main focus is to watch the key defense line at 61290.
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