From the daily structure perspective, the recent bullish rally has been moving in small, slow-climbing steps. While it appears to be rising steadily, the momentum is severely insufficient. Price is running along the upper-middle Bollinger Band, but has never produced an effective volume breakout.



Last Friday's long upper shadow was essentially just a probe of the overhead resistance, not a genuine strong breakout. The 74,000 level remains a strong dividing line of pressure. With prolonged failed attacks, the double-top pattern risk is accumulating.

Once the pattern materializes, bears could very likely trigger accelerated downside momentum. The retracement space should not be underestimated. Currently, all rallies are merely technical corrections. The major trend remains bearish. Do not be misled by short-term small positive candles.

**Operation Suggestions:** Aggressive traders short at current price 71,762 directly. Conservative traders short near 72,000-72,600. Looking down toward 70,000-69,400. If breaking below 68,000, targeting 60,000 long-term.

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林染vip
· 1h ago
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