Key supports 2070 and resistance 2170 have become the focal points of bulls-and-bears contention. Currently, the Bollinger Bands are clearly narrowing; the distance between the upper and lower bands continues to compress, and the market has entered a consolidation and convergence phase.

The price is trading near the lower side of the middle band. Multiple attempts to probe the 2100-2130 area have failed to hold, fully reflecting that selling pressure in this zone is heavy.

In addition to the descending flag pattern formed by the pullback from the prior high, bullish momentum has remained weak. The overall bearish correction repair pattern is clearly visible. In terms of trading, you must be especially alert to false breakouts; only make judgments after holding the key range.

Trading suggestions: For aggressive traders, short directly at the current price 2085; for conservative traders, short near 2100-2130. Look for downside toward 2040-2010. If it breaks below 1980, set your defense based on your own position size.
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