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Silk Road on the evening of July 31
On the last day of this month, the daytime market continues the midnight reversal trend, rising to around 118900 from about 117400, and is currently oscillating around 118500.
From the daily candlestick chart, yesterday formed a doji with a long lower shadow; as of today, there is reduced volume, showing a reverse hanging man candlestick. On the four-hour level, the volume is gradually increasing, approaching the upper track and facing pressure. The hourly level shows reduced volume, having formed three consecutive bearish candlesticks, with key support levels to watch at 117000 and 119200.
The pancake returned to the vicinity of 118000-117500, looking towards the vicinity of 118800-119300.
The second pancake returns to around 3810-3840, looking towards around 3880-3920.
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