2025.5.8

Clearly showing a bullish trend, specifically manifested as:

Increased trading volume accompanied by rising prices, breaking through previous levels, confirming a true breakout.

After the breakout, there was no rapid pullback, indicating weak bearish strength.

The current price is consolidating at a local top, suggesting the onset of a new round of increases.

The expected target levels for the increase are as follows:

The first target level is approximately 103000, based on the previous high of 99600 plus the previous increase of 3400;

The short-term main upward wave target range is from 103000 to 103500;

If it breaks through 103000, it may enter an emotional acceleration phase, with the second target level likely testing around 106000.

Important support levels include:

- Short-term support is in the range of 97000 to 96800;

- Strong support is at 95000.

The strategy recommendation for the short term is:

- Those holding long positions can continue to hold and pay attention to the strength of the breakout at 100000;

- Those looking to chase the upward trend should wait for a breakout at 100000, confirm a volume increase on a pullback before entering;

- Short selling operations should be cautious, unless the price drops below 97000 with increased volume.

The current market is in a consolidation phase after the breakout, and the short-term trend remains bullish. As long as the price does not effectively drop below 97000, the trend is expected to continue rising, with an initial target of 103000, and if performance is strong, it may approach 106000.