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The market is hugging the upper Bollinger Band and pushing upward, with the price fluctuating around 80,660, indicating a strong bullish breakout pattern.
The middle band is near 80,150, which is the current support/resistance dividing line between bulls and bears. If this level is not broken, the bears should not rush to extend their attack.
First target is 80,871; once broken, aim for 82,000.
If 80,150 is lost, then retreat to the lower band around 79,600 to find a bottom.
Sentiment has just recovered from panic, and the conference is ongoing.
Overall market bias is still okay.
Following the trend and buying on dips is more comfortable than chasing highs, but set stop-losses properly to prevent a sudden reversal.