The market has experienced a pullback from a high of 76000, with a low touch of 67300. Currently, the price is oscillating near 70490, which represents a weak rebound after a sharp decline.

Resistance Level: Around 72000, which is an extremely strong near-term resistance. The price has failed multiple times attempting to break through here. As long as it doesn't hold firmly above 72000, we cannot say the uptrend has returned.

Support Level: 68600, which is the current "lifeline" and the final defense line for long positions.

Indicator Analysis:

MACD: The fast and slow lines are currently running below the zero line. Although the histogram is shrinking (suggesting selling exhaustion), a strong golden cross has not yet formed, and momentum is insufficient.

Trading Volume: The rebound volume in recent sessions has not shown significant expansion, indicating that market sentiment is predominantly cautious, with most waiting for the outcome of the battle around the 70000 round number level.