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Yesterday's bottoming out and rebound proved that the sense of direction is correct, with a rebound expected around 70,300. The daily low yesterday touched 70,400, signaling the start of a rebound. A wave of accelerated upward movement in the morning caused the price to directly break through 73,000. However, there is no sign of stabilization at the moment, and the closing does not constitute a large bullish candle, which limits the weekly gains. Unless driven by the US stock market in the evening, it will still remain within the range of consolidation!
Today's strategy is not difficult. For resistance at the high point, focus on the continuation after breaking through, with potential extension space around 74,500. Additionally, a very strong resistance signal indicates a double top; the reference point is a slight continuation after breaking 76,000, which is also within a 500-point range. Short-term, you can make arrangements around these two points.
On the support side, pay attention to the lowest point of the first pullback after breaking through, around 71,600. The first touch can be seen as a potential entry point. If other levels are broken, it means the price may head below 70k. In summary, act cautiously!