Monday, pleasant

The overnight pancake fell back after a surge, forming a double top pressure above, then retraced, with the overall price pattern maintaining a high-level range consolidation. Therefore, for the current trend, we still adhere to a bullish stance in line with the trend.

On the four-hour chart, the price broke through the upper rail but failed to maintain it, showing a bearish candle retracement. This wave needs to pay attention to whether it can break below the short-term support of the middle rail. If it does not break, then the price will explore the bottom and continue to rise; conversely, it will revert to around the 80,000 mark. From the current market observation, a breakdown still requires time to change space; once it goes down, it will be our opportunity.

After the weekly K-line broke through the middle rail stage, last week closed with a bullish candle. It can be seen that the upward momentum is still very strong. This is why we maintain a bullish outlook, after all, the major trend is bullish.

Intraday, it is recommended to take multiple bullish positions around the bottom area of 80,800-80,300, with a target looking towards around 82,400. After reaching, the long-term target can be aimed at 85,000.

Follow the public account, how to relieve worries, only Jiang Wei, a treasure analysis blogger full of emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, navigating through three cycles of bulls and bears and years of practical trading experience, skilled in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, wave theory, etc., gathering into unique personal insights.

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