Looking at the six-hour level chart, the market has continuously closed four bullish candles without giving a solid upward push, indicating that the momentum is starting to exhaust. After falling seven thousand points, it has currently rebounded by over two thousand points. From the arc shape perspective, the support level below 116000 is very strong, and a rebound has occurred. If the arc shape is not broken at 123300, which is the current new high, the appearance of a rebound is quite normal in this trend. It may stop around 119600-120300 before continuing the next round of correction and decline to repair the chart. If it breaks 120500 with a solid large bullish candle and forms an arc shape, then the high point will continue to refresh, and prices will go to 126000-130000. At 123000, there has actually been high-level selling, so those who are bullish can only look for a pullback to consider entering. If a new high is broken, it can be chased directly. However, if there is a pullback above, we can observe the twelve-hour level trend where high positions have already shown significant overbuying, and the volume is clearly unable to keep up, along with MACD showing a convergence dead cross pointing downwards. If this wave of rebound does not break through, it is likely to wash out those chasing long positions, forming a rebound before another downward correction. The price is still looking at the 116000 position. If the twelve-hour chart gives a solid large bearish candle breaking down, the price will also go to 112000-110000, which is the starting point we have always emphasized.
A float of one hundred points up and down between 119600-120300, looking down at 117000-116000.
If it breaks 115700, increase the position.
Pullback to 117000-116500, if it breaks 115700, do not hold; you can enter and look at 119000-120000-123000.
