Regarding the medium term, the weekly chart remains in a high-range zone with repeated struggles. The intra-week low of 89,200 was quickly pulled back, indicating that the medium-term support is still intact. Although the daily chart shows a clear decline, as long as the daily close does not break below 89,200, a more reasonable view is to consider this decline as a short-term rebound correction rather than an immediate medium-term downtrend.
In the upcoming period, focus on two things for the medium term: 1. Maintain the daily support at 89,200 and continue to oscillate at a high level. Only when the daily closes back above 93,200 can it be considered a return to strength. 2. If it breaks below 89,200, it indicates a potential move back to the lower range of the wide fluctuation zone, such as a retest of 84,000.
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Regarding the medium term, the weekly chart remains in a high-range zone with repeated struggles. The intra-week low of 89,200 was quickly pulled back, indicating that the medium-term support is still intact. Although the daily chart shows a clear decline, as long as the daily close does not break below 89,200, a more reasonable view is to consider this decline as a short-term rebound correction rather than an immediate medium-term downtrend.
In the upcoming period, focus on two things for the medium term:
1. Maintain the daily support at 89,200 and continue to oscillate at a high level. Only when the daily closes back above 93,200 can it be considered a return to strength.
2. If it breaks below 89,200, it indicates a potential move back to the lower range of the wide fluctuation zone, such as a retest of 84,000.