Before the second breakout at 104600, if going short, the stop-loss should be set above 104600.
Because once it breaks through, that price level is likely to quickly rise to 107300 or 111500.
If the trend is upward, the strong closing point for going short should be set within the range of 104600-111500, which poses a very high risk, and you may ultimately be forced to exit, so the stop-loss must be set near recent key resistance points when shorting.
Conversely, the strong closing point for going long should be set below the level of 88000.
Currently, the market has only touched a low of 90850, which was a single quick retracement; after multiple tests of the 94000-93000 area, the price has consistently rebounded quickly to 97000-98000. Each time the resistance level at 98200 is absorbed, the market immediately rises above 100000.
This significant elasticity indicates that the profit margin for going long at low levels is very considerable.
From the current market performance, the risk of going long at dips in the short term is significantly lower than going short, and the cost-effectiveness of profitability is far higher than that of shorting strategies.
