Weekly level analysis has maintained a bullish outlook since March 10, breaking through 110,000. The current price is 105,000, and this view has been held for 70 days.
The weekly close is 106,468, with bulls actively defending the key price level. The market rallied on Sunday evening, bringing the close closer to 106,500. Although it has not fully stabilized, further observation is needed in conjunction with the daily chart.
The daily level interpretation indicates that the daily chart is currently in the fifth segment of an upward trend, and a significant pullback may follow after its completion.
The key observation point has shifted to 101,900: if it holds, the upward trend will continue; if it breaks, it will signal a correction since 74,000. Daily support levels: First support: 92,900-95,300 Second support: 83,000-86,000
(Please annotate the above key ranges on the chart) 4-hour level strategy: A pullback after a breakout from the 4-hour consolidation structure is normal. Focus on the support in the orange zone: if it holds, the upward trend will continue; if it breaks, it will declare the end of this upward cycle, and we will need to wait for further market signals.
