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A new week has begun, but last week's market performance still leaves people with lingering fears. Market sentiment seems to have experienced a fierce battle between bulls and bears. Looking back at last week, both sides repeatedly fought over key levels, with frequent needle-like fluctuations becoming the norm. The entire week saw extremely volatile turnover between bulls and bears, with high and low points differing by as much as 7,000 points, highlighting the intense market contest.
Focusing on yesterday's market, the bulls attempted a counterattack overnight, temporarily pushing the price up to around 68,200. However, the upward momentum was short-lived, as resistance remained evident above, and the price faced pressure again in that region, quickly falling back. The subsequent trend was generally weak and volatile, with bears gradually applying pressure. The price continued to decline until it found short-term support near the 65,000 level, showing signs of stabilizing. Currently, the price has slightly rebounded, trading around 66,600.
It is recommended to go long around 65,000 and 65,500, with initial targets at 67,500, then breaking through to 70,000 and 72,300.