The bullish momentum has clearly weakened, and the current rebound strength continues to diminish, making it difficult for the structure to support an effective reversal. The entry zone preset yesterday missed by about 300 points, but the overall directional judgment was not biased.

Currently, the price is oscillating around the 70,000 level during the European session. From a structural perspective, upward momentum is insufficient, and there is still a need for further short-term correction. Pay close attention to the support at the 68,800 level. If this level is effectively broken downward, the bearish momentum will be unleashed, and the price may open up a new downward space.
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