The area above 110,000 is a major top region. Currently, it has completed the Elliott Wave Theory and an extended wave, and is starting a pullback. There are two possible scenarios: one is that after a pullback, it consolidates and continues to fall, beginning a major pullback that breaks below 100,000; the other is that after high-level consolidation, it gathers strength to break through again, attracting many people to chase the price. However, after breaking above 111,000, if the price cannot create a significant height difference, it will ultimately result in a false breakout. This will in
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