Recently, the market trend has been noteworthy, with long positions already emerging, but it seems that it has not yet reached its peak. Observations show that the upper resistance is continuously being broken, while the pullback strength is gradually weakening, which is clearly a rhythm of washing out shorts. Although shorting at high levels is a common trading psychology, sometimes we need to think in reverse; more importantly, we must understand the importance of following the trend.

The current slow upward trend has not yet ended, with signs indicating that the price may attempt to surge towards the previous daily high of 1178 points. If it can effectively break through this level, the price is very likely to challenge the high of 120,000 again.

In the short term, it is recommended to adopt a long positions strategy. As long as the support at the 1160 level is not broken, consider going long in this area. Pay attention to the resistance around 1178 on the daily chart; if it breaks through, it can continue to rise to 120,000; if it fails to break through, it may retreat to around 1160.

In this market full of opportunities and challenges, it is crucial to maintain flexible thinking and strategies. Do not stubbornly oppose the market, but be adept at capturing the market pulse and taking appropriate actions at the right time. At the same time, always be vigilant about market risks and manage them effectively.