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The current situation is quite clear: the technical indicators are still in the hands of the bulls, but short-term sentiment has already reached a high level.
J value is 98, RSI is 85, and the price is hugging the upper BOLL band — these are all signals of "short-term overheating."
The trend isn't bad, but the risk-reward ratio for chasing gains is no longer favorable.
For those holding long positions at low levels, hold on; for those wanting to chase with no position, wait for a pullback or confirmation at the close.
This is not the right time to open new heavy positions.