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Today, the Silk Road clearly identified 71,000–71,500 as the core resistance zone, and the market movement has consecutively validated this area twice with precise confirmation.
In the first wave of the trend, after reaching 71,028, the price was suppressed by this resistance zone and directly pulled back, with the lowest point dropping to 70,375, successfully fulfilling the expected bearish correction logic.
After the initial correction, the price launched another upward attack, reaching a high of 71,319 and once again entering the 71,000–71,500 resistance zone. Subsequently, it failed to break through further and instead entered a sideways consolidation at higher levels.
Both attempts to break through within this zone were blocked, fully confirming the high effectiveness of the 71,000–71,500 resistance band. In the short term, selling pressure is clearly evident, and the battle between bulls and bears continues to revolve around this area.
The next move is in our own hands.