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The market rebounded on positive news and should continue to stay bullish.
#预测世界杯阿根廷VS英格兰
The recent price action of the “cake” basically follows expectations. The view is that July will bring a round of a stronger Fan bounce.
Many people think the move from 58,000 Fan bounce to 64,600 has already topped out, but based on the structure, it fits more with a lift—pullback consolidation—then another lift pattern. A lot of liquidity already concentrates near the prior high; after a breakout, adjusting again is actually more favorable for the subsequent move.
In terms of trading, everything is always centered on one core idea: stay bullish above 61,300, and when it breaks down, switch the approach. As long as it doesn’t break below this key level, short-term fluctuations are mostly noise and won’t affect the overall Fan bounce structure.
Next, focus on two key levels:
65,500: the first major resistance zone. On the first touch, pay attention to possible pullbacks.
68,000: the most critical resistance area in this round. If a fake breakout occurs, it could create a potential mid-term short opportunity, and it’s also an important signal for the market to test the lows again.
From a short-term perspective, it has already broken above the prior high, which is a continuation-of-trend signal. For those with no position, consider buying on a pullback around 64,000, put the stop-loss below 63,200, and look for targets in order at 65,500 and 68,000. If you already hold longs from the bottom, you can continue to hold and wait for the target levels to be reached.