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OP market in-depth analysis:

On the 1/4 hour time scale, purple signal points appear frequently, which indicates the arrival of a pullback trend. However, when we zoom in to the 2-hour time frame, it is clearly visible on the chart that the bearish forces dominate, and the market trend is still bearish.

At this moment, our attention should be focused on the key long-short watershed on the 4-hour chart-1.7609. This area will become the focus of fierce competition between the long and short sides.

On the top, the pressure level is like a sword hanging over the head, located in the three price ranges of 1.7722, 1.7972 and 1.8358. If the market tries to break upward, these positions will become insurmountable barriers.

On the bottom, the support level is like a solid foundation, providing support for the market. They are located near the three prices of 1.7242, 1.7097 and 1.6534. Once the market falls to this point, these positions may provide the market with a respite.

The current market is volatile and the market is changing rapidly.