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The market path is very clear. 1926→Breakthrough 2000→2093→Breakthrough 2100→2199
Currently pulling back to around 2130 for sideways consolidation, indicating that the main force is doing high-level turnover and consolidation rather than a sudden decline.
The current structure is: Uptrend → High-level consolidation → Choosing the next direction
Resistance level: 2180-2199 Support level: 2120-2100
Near RSI 60. It has already pulled back from the overbought zone. The upward momentum is cooling, but it has not turned bearish.
The MACD red bars are starting to shorten, and the golden cross remains. The upward trend is not over yet but has entered a resting phase.
The KDJ death cross is downward. In the short term, it may continue to oscillate.
This is the consolidation phase after an uptrend, not the top.
The true top usually shows continuous volume-increasing bearish candles, MACD divergence at the top, and RSI above 80. None of these are present now.
From a technical perspective, the 2100 key level has shifted from resistance to support. Currently, the price is oscillating above 2120, gathering strength.
MACD still maintains a golden cross structure, just with slightly reduced momentum, indicating the market is digesting the upward space.
As long as 2100 is not broken below, the overall trend remains bullish.
In the short term, if it stabilizes around 2120 during a pullback, it is highly likely to push upward again toward 2200 or even higher.