The large pancake has once again stabilized at the 80,000 level, with the high also reaching 82,000. Last week, I saw many short positions being forcefully closed around this area; I hope everyone is well, and the bulls are strong beyond imagination.
Today is Monday, and from the weekly chart, we can see it still maintains a good upward trend, with the 3-day moving average trending upwards. The KDJ has formed a golden cross at a high position, and the MACD is currently also in a phase of golden cross with increasing volume. The BOLL has currently opened up, but be aware that the upper track has seriously broken out; still, pay special attention to the market situation 🗡️, as a cutoff can happen at the peak. It is expected that over the next two days there will be some washout rhythm. The latest would be around Wednesday on the daily line.
We do not guess the top, nor do we short; we can only operate in the direction of the trend, entering when a pullback occurs, and exiting when it reaches the upper pin. If there's a pullback, that’s the opportunity to get in.
Today, pay attention to the 80,000 level for positioning long positions, with targets looking at 82,000 or even higher.
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