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The four-hour trend, after repeatedly testing the middle band of the Bollinger Bands with double shadow upper wicks, has shifted to a downward wave pattern with consecutive bearish candles. Currently, the Bollinger Bands for this period are overall diverging downward, with the channel expanding continuously. The bearish momentum is still being released.
It is recommended to short around 74200 and 74700, with the initial target at 71800. If broken, look further down to 70000 and 68000.
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