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The rhythm of sharp rises followed by pullbacks has arrived, and the daily chart has now found a support level. Next, a distribution and rally phase is about to unfold.
Looking at the performance of the moving averages, yesterday experienced both upward and downward signals, and today a bearish candle was formed. This signal is very clear—the top structure is beginning to appear, and the distribution pattern needs to be completed. Currently, it is expected that in the remaining days of this week, the price will move within the 9.1-9.5 range, performing upward and downward moves to complete the distribution. Once the distribution ends, it is likely that next week will gradually enter a decline, with the low point of the pullback possibly finding support near the daily MA30.
Although the daily chart has already shown a rise followed by a pullback, the high point has not yet been confirmed. Since the distribution has just begun, this week still needs to test higher levels. Only after completing the distribution will it gradually fall back into a narrow-range consolidation phase.