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The recent week's trend has given us a very clear signal. The weekly candlestick with increased volume directly broke through the long-term resistance downward trendline, which is not a small test but a real structural shift towards strength. The retest confirmation this week gives us another opportunity to verify that the 94,000 level is critical — as long as we hold steady here, the upward space will naturally open up.
Looking at the daily chart, five consecutive bullish candles have formed, and the trendline breakout is now a fact. The MACD and RSI are both showing golden crosses, and the Bollinger Bands are beginning to expand, indicating that the bulls' direction is already written on the chart. For upward movement, focus on two key areas: first, the 94,500 W-bottom neckline resistance. If it is broken, the 99,500 level comes into view (where the upper band overlaps with a gap, making resistance more apparent). Conversely, as long as the lower channel boundary is not broken, the bullish logic remains intact.
The triple bottom on the 4-hour chart has already formed, currently oscillating near the middle of the upward channel. The short-term logic is simple — don’t chase highs, wait for a retest to feel comfortable. Looking downward, the first key support is the 90,700 neckline, followed by the 88,700 trendline, and finally the defensive position at the lower boundary of the channel at 87,500. As long as this level holds, the direction continues to point upward.