Let's start with the conclusion:

① Strong adjustment, much stronger than I expected, and it hasn't even fallen below the 115000 level. Since it is a strong adjustment, what should we do after the adjustment is over?

② Stabilize at the 118000 level and look for the 121000 level. If it effectively breaks through the 121400 level, we will look directly for a new high. As for the specific number, we will discuss it then, probably tomorrow.

③ Can I go long directly? Yes, but we are approaching a pressure point. It might be better to wait for a slight adjustment before rolling up your sleeves and going for it! The support level below is in the range of [115500-116500].

④ Will there be a trap for the bulls? Not considering a bull trap for now.