This week is coming to an end, followed by weekend market movements. After experiencing a large bullish candle rebound this week, the uptrend has not continued. Currently, at the daily chart level, the price appears to be rebounding upward, but the strength of the rebound remains limited. What needs to be monitored is whether the 4-hour level can solidly hold at 71600. In the short term, the price will oscillate between 69400-71600. If 69400 is not broken, it will form a head-and-shoulders bottom on the 4-hour level, and then move up to touch around 74600. However, if 71600 continues to hold and the price breaks below 69000, it will continue to move downward.

Therefore, in the short term, pay attention to whether it breaks upward or falls through the downside. From the 1-hour chart perspective, the price has reached 71600 four times without breaking upward, and the volume indicators are forming a bearish divergence pattern. Therefore, attention should be paid to the risks at the 1-hour level.

Support: 69400-67700
Resistance: 71600-72700