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2.3 Midday Thoughts
From the current market situation, after a significant decline earlier, the market has not experienced a strong rebound. It is only in a weak correction phase with sideways consolidation at low levels, and the buying momentum remains weak. The technical outlook clearly favors a bearish trend, with prices consistently under pressure below key moving averages. The bearish dominance has not fundamentally changed. For midday trading strategies, focus on shorting near the rebound highs.
Range: 2360-2380, with a downside near 2250
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