7.14 Early Morning Pancake Thought Analysis:
Don't be scared by the fluctuations; on an hourly level, this is the normal rhythm of a strong bullish trend. The Bollinger Bands are expanding, indicating that the market is stretching its muscles. The price is relying on the upper band to move upwards, which shows strong bullish confidence. The MACD hasn't flattened out, and the volume hasn't dropped off, so we need to keep a close eye on the potential for this trend to continue.
Operational Suggestion: On a pullback to around 118250-117800, look to buy, aiming for a break above 119200 and then targeting 120000, with long-term targets of 123000 and 130000.