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The four-hour chart structure has been fully adjusted and repaired, with clear signals of stabilization after stopping the decline. The market regain the initiative and the bulls have taken back control. During the pullback after the previous volume-driven surge, the price found effective support in a key liquidity zone, forming a clear secondary double bottom confirmation, indicating that short-term selling pressure has been fully absorbed.
This pullback is not a trend reversal but a shakeout within the bullish trend. The retracement remains within a reasonable range and has not damaged the overall sideways upward structure. The pullback facilitated chip turnover, which actually eased selling pressure for subsequent upward movement. Currently, the market conditions are favorable for another upward push.
It is recommended to go long around 65,500, with an initial target of 67,500, and a breakout target of 70,500.
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