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The market trend is entirely within the expected framework, with a clear four-wave correction structure. The battle between bulls and bears around the 70,000 level is intensifying, and the consolidation continues without a clear trend.
The current market essentially represents a high-level shakeout and accumulation phase. Every rebound is preparing for a decline. Do not be fooled by short-term rebounds; the trend direction is already set. Focus on the resistance levels in the upper range. Rebounds should mainly be used to short, with the target being a deep correction. A sharp decline is only a matter of time.
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