The band has reversed, and many people are still shorting. What will be the result?
The daily false break has occurred, and 0.236fib has been recovered. In the short term, we can see the upper edge of the daily/weekly range + the trend line overlap point 69960-7w. The small-level trend is strong, breaking through the red trend line and has been positive for several consecutive days, and the daily moving average has also stabilized. There is a high possibility of touching 7w this week, and we continue to be bullish.
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