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The current market is showing a high-level range-bound fluctuation, with a key resistance around the 2080 level above and support mainly around 2040 below. Overnight prices have continued to trade within this narrow range.
For those who entered short positions below 2010 and have no room for additional averaging, the short-term situation will be relatively passive.
The overall market has been oscillating within a wide range for nearly a week. Today is expected to bring a decision point, with a breakout or breakdown imminent. The market is approaching a critical juncture.