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Evening Market Analysis
• 69227 is the current strongest support: Has been tested 4 times without breaking, likely fund support in place.
The longer 69227 holds, the weaker the rebound, the higher the risk of sharp decline after consolidation; only a volume breakout above 71272 can open upside space.
• Current structure: Triangle convergence + hourly W-bottom, 70137 is the minor breakout level, 71272 is W-bottom neckline resistance.
• Two scenarios:
◦ ✅ Breakout scenario: Volume breakout and stabilization above 70137 → Push to 71272; Break above 71272 → Hourly W-bottom confirmed, target 71817+.
◦ ❌ Pullback scenario: Volume break below 69202 → Rally fails to recover → Short, target 68211→67227.
Trading Recommendations:
Volume breakout + stabilization above 70137 → Go long, stop loss around 69800, target 71272→71817.
Volume break below 69202 + rally fails to recover → Short, stop loss around 69500, target 68211→67227.
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