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7.25 daily thoughts
The overall downtrend on the four-hour cycle remains intact. Right now, it’s only a rebound from consolidation and recovery after a continuous selloff, and it does not constitute a trend reversal signal.
Big brother: watch 64,500 and 65,000 for resistance; it’s expected to fall toward 63,500 and 62,500.
Second brother: watch 1,880 and 1,910 for resistance; it’s expected to fall toward 1,820 and 1,780.
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