Evening Analysis on November 8
The market has continued to trade sideways around 75,000 today, and the bullish trend remains unchanged. However, we have now reached a point in the bullish structure where a pullback is expected. Currently, it feels a bit like being on a tiger, unable to get off; we can only trade sideways to avoid a drop.
From a short-term perspective,
Friends looking to short can pay more attention to the 15-minute level for signals of price movement, specifically looking at the 75,300 level. From a structural standpoint, a breakdown below this level would open up the possibility for a pullback.
Long positions can proceed as normal, but considering a potential pullback, it is advisable to set stop-losses before entering the market.
The upcoming weekend is likely to be a consolidation phase, allowing the market sentiment from this week to digest and build momentum for further upward movement. Therefore, friends wishing to trade over the weekend can consider short-term swings, with the specific situation depending on whether a pullback occurs tonight.
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