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Last week, after breaking through the previous consolidation range and reaching a new high of 74,000, it pulled back and repeatedly tested the 70,000 level without stabilizing. It then returned to the consolidation zone. This is considered a false breakout to lure in traders, followed by a decline. Such moves are common trap tactics to clear out both bulls and bears.
Therefore, the current trend remains mainly sideways, with frequent switches between bullish and bearish. Caution is advised. The immediate resistance is around 68,800-70,000, especially near the 70,000 level, which is a dividing line between bullish and bearish sentiment. Support levels are around the trendline test at 65,000-64,000.