There was no market for two days over the weekend, and I believe everyone has had a good rest. Today is Monday, a brand new beginning, everything starts from scratch, are you ready?
From the perspective of weekly K, since the previous high of 73700, the market has been in the stage of pressure testing and falling, but it has always been running above the middle track. At present, the weekly K has turned from negative to positive, and the shape has a taste of bottoming out and rebounding. The previous lower support of 56500 has also come to 60000 as a strong support with the rise in the price ratio. The overall trend shows signs of continued rise.
From the daily level, the overall structure is in a continuous positive rise. The price ratio was suppressed and pulled back when it touched the 67500 line, but the energy of the pullback was relatively weak, and it did not give much time. The current market is in a high-level consolidation and repair. From the overall structure, it is still a multi-head trend. If the head wants to strongly regain lost ground without news, it is difficult to get out of the deep decline. K God personally prefers to break the new high.
This week, we will focus on the first stage of 68,000 resistance and the second stage of 70,000. If both lines of defense are broken, the historical high will likely be refreshed. Below, we will focus on the support of 63,000. If the decline continues, we must be prepared to turn around in time.
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