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Market overnight to around 70,300, bears retreated to around 69,200 then rebounded to around 69,900, followed by a pullback to around 68,200 with sideways movement. The daily chart shifted from bullish to bearish, with the consolidation near the midline. The four-hour chart shows decreasing volume with two consecutive bearish candles, and the hourly structure indicates increasing consolidation leading to a downward break.
Tuesday morning market:
Range around 68,300-67,800, look towards 69,300-70,300.
Range around 2,085-2,065, look towards 2,135-2,175.
Recently, there has been significant volatility. Pay attention to risk management and defense; within the range, capturing profits is advisable.
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