The loss of November will be made up in December, where will the mid-line break at 100,000 lead us?
Time always passes unnoticed, and before you know it, the year is coming to an end. Every year at this time, there is always a buzz around vigorous discussions about a prosperous year. How is this year? You may not have done well in the first eleven months, but if you perform well in the last month, you can still meet at the peak.
Looking back at the overall market trends this year, while we welcomed the bull market's strength, it has also been truly a rollercoaster ride. There was a rally at the beginning of the year, a wide-ranging consolidation towards the end, and a breakout above the 73,000 mark soaring all the way up. Currently, we are under pressure at the 100,000 mark, and many are questioning whether the bull is just passing by. Here, I can clearly tell everyone that the bull has not left; it is merely resting and gathering strength for unimaginable surges.
From a technical structure perspective, the current consolidation after the rally has just reached the daily level. The weekly K-line retracted but recovered upward clearly; the bullish trend continues to push forward, showing no signs of retreat. Moreover, many people hope for a half-cut, but the monthly K-line has surged upward, heading straight for the upper track. Continuous highs breaking is fundamental, and the pressure has not yet reached a clear critical point. Even if the monthly K-line retracts, it is not a matter of the moment, but rather a retraction after breaking high.
In terms of short-term and small cycle formations, the trend is retracting to the 90,800 mark for a rebound, recovering and maintaining in the 95,000 area. There is no bearish momentum driving the decline, and the clear bearish forces are obstructed. The bullish recovery shows strong performance, with minor weak pullbacks and tug-of-war between bulls and bears, all aimed at further building strength for the bulls. Therefore, the bears should exit early, follow the trend, and not walk a path of darkness.
This month's mid-term strategy: Retrace to go long, bullish outlook.
In terms of operations, I personally suggest going long in the 95,500-96,500 area, looking towards 105,000-109,800.