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4.14 Mistress
Initially, a range-bound base formed around 2200, with strong support below. Subsequently, the price accumulated momentum at 2260, continuously breaking through multiple key resistances, reaching above 2390 at the highest.
After the surge, the market entered a high-level sideways consolidation phase, with limited room for a pullback, which is a normal profit-taking and chip digestion during an upward process, and the overall structure remains relatively strong. The medium-term bullish trend remains intact, and no clear reversal signals have appeared in the short term.
Focus on the previous high resistance level at 2390; if it can be effectively broken out, the price is expected to open further upward space, aiming for 2450;
Below, pay attention to the support levels at 2350 and 2320. As long as support in this area holds, the sideways upward pattern will not change.
In terms of trading approach, it is recommended to mainly go long on dips after stabilization, avoiding blindly chasing highs at high levels. The current market is still dominated by bulls, and the subsequent trend is likely to continue the sideways climb.
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