The recent market performance of the concubine has been strong, with prices climbing to around the 2800 mark. Currently, the market has only experienced a minor technical pullback, and the short-term trend still shows strong resilience. From a technical perspective, the key support level to watch below is the 2698 line. As long as the price can hold this support during the pullback, the bullish pattern in the smaller timeframe will continue to be maintained, and the upward momentum is expected to persist.
As for the resistance level above, the short-term focus should be on the 2780 pressure, and if it breaks through further, the target can be raised to 2820. It is worth noting that if the closing price of the hourly candlestick falls below 2698 during this pullback, it would indicate that a retracement may begin on the hourly level. At that point, the support level below will shift down to 2670, and if that position is lost again, caution should be exercised as the market may further decline, with defensive support to watch around the 2610 area.
