2070 key support, 2170 strong resistance, has become the core zone of the bulls and bears showdown. The Bollinger Bands continue to tighten, and the channel distance is constantly compressing. The market has officially entered a consolidation and buildup phase.

The price has been suppressed below the middle band, repeatedly testing the 2100–2130 zone but unable to stabilize, indicating heavy selling pressure here and that the bulls are unable to hold.

Adding to the previous downward structure from the high points, bullish momentum remains weak, and the overall bearish pattern is very clear. Be cautious of false breakouts; wait until the price stabilizes in the key zone before taking action.

Currently, I have advised brothers to add short positions at 2120, and the market is also very accommodating. Further down, you can see 2050 and new lows.

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