This week is coming to an end, followed by the weekend market. After experiencing a strong bullish rebound this week, the uptrend momentum has not continued. Currently, at the daily chart level, this position appears to be rebounding upward, but the strength of this rebound remains limited. What requires attention is whether the 4-hour level can hold steady at 71600. In the short term, it will oscillate between 69400~71600. If 69400 is not broken, it will form a head-and-shoulders bottom pattern at the 4-hour level, and then move upward to touch around 74600. However, if 71600 continues to be unbroken and drops below 69000, it will continue to move downward.

Therefore, in the short term, focus on whether it breaks upward or drops downward. From the 1-hour chart level, it has reached 71600 four times without breaking upward, and the chart indicators are forming a bearish divergence state. So attention should still be paid to the risks at the 1-hour level.

Support: 69400-67700
Resistance: 71600-72700