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Yesterday morning, the bulls launched a strong rally, with high volume directly breaking through the previous resistance level. They surged from the 93,400 level straight up to above 96,500. The momentum was quite fierce, clearly showing an upward breakout pattern. The bulls' control at this point is indeed strong.
However, now the price has retraced to around 95,400, which is very normal. After a strong surge, a pause is necessary—it's a typical technical correction. Currently, the price is steadily above the support zone of 95,000 to 95,300. The overall structure remains healthy in a bullish state, and the moving average system has already diverged, showing strong bullish momentum.
The key is whether the 95,000 level can hold. As long as it does, the previous breakout can be considered confirmed, and there is still potential for further upward movement. In the short term, pay attention to buy opportunities once the price stabilizes at the support level, with a focus on the previous high around 96,500.