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Many friends have been asking me about my outlook on the market. Let me first summarize today's intraday trend: bulls repeatedly attempted to break through the 63,200 resistance level, but each time they quickly pulled back to around 62,600 to consolidate and gather momentum for another breakout. This shows that bullish momentum is relatively exhausted. So why hasn't the market declined yet? I believe it's more because the signals from the recent US-Iran situation have been repeatedly contradictory, leading to a continuous tug-of-war between bulls and bears, with neither side willing to concede.
A downward trend in the future is inevitable, because after the last bottom at 58,100, bulls began to push, with highs gradually rising. However, the trend has been relatively weak, the upward pace slow, and from a cyclical perspective, the bullish pattern is about to end!
If you are uncertain about the direction going forward, then I will be your best choice!
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