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Good morning, a new week begins again. Overall, yesterday's outlook was quite perfect. The big pancake around 78,000 successfully broke out after hinting at a dip, and the pattern near 2,300 also broke out successfully. The big pancake again tested 79,400 in the morning, with the highest point of the pattern reaching around 2,356. Whether due to strength or luck, Monday has once again opened with a perfect victory. Over the weekend, the overall volatility was not large, still maintaining a high-level sideways rhythm, with signs of stopping the pullback. Accompanied by a gradual winding and oscillating movement, the trend is beginning to bring the pattern into a bullish phase. The main idea remains to focus on buying dips; the accumulation of bullish momentum is basically complete, and a short-term rebound is expected. At the beginning of the week, we can first watch for a breakdown of the dip, then adjust again towards the end of the week.
The daily chart shows a strong consecutive upward trend, with three consecutive bullish days testing the previous high again. After a brief pause at the 78,000 level, it is now consolidating sideways instead of pulling back, continuing to push higher. Currently in a phase of increased volume, short-term momentum remains strong, with no signs of a pullback after reaching new highs. The short-term trend is still upward, maintaining a strong bullish pattern. The previous correction was just a sideways pause, not a deep adjustment. In the short term, this upward trend is expected to continue, based on right-side excess. As long as there is no sharp pullback and correction, the trend remains strong. Be cautious when trading in the short term; although buying dips is preferred, and avoiding early shorts is wise, the strength of the trend suggests continuation. Consider a pullback for a better entry if a high is reached, and be alert for a pullback after a volume spike at high levels.
Volatility is large, and both bullish and bearish opportunities exist. After a pullback, look for opportunities to buy dips; if a new high is broken out, take profits promptly. After a high-volume breakout, be cautious of a potential pullback.
Trading suggestions:
- For the big pancake around 78,000, buy dips directly, target 79,500, and if broken, target 81,000.
- For the pattern near 2,300, buy dips directly, target 2,380–2,420.