Let's state the conclusion:

① Break through and hold above the 119100 line, continue to look bullish, first aim for the 119800 line, where there will be some pressure, but it shouldn't be significant. After that, it's the 【121100-121500】 range, which is the extreme position for this effective rebound. As for whether there will be a new high, we will discuss that when the price reaches this point.

② Adjust to go long. The defense level is at the 117900 line, meaning that if the price falls below this level again, the adjustment may continue, and there is a chance it could drop to the 116900 line. If it holds above, we can only continue to look upwards. The support range for a slight adjustment is 【118300-118500】, where a short-term long position can be attempted.

③ Will there be a larger adjustment? Not for now. But it must be mentioned that only when the price falls below the 115300 line again will there be a larger adjustment. However, based on the current trend, this possibility seems low.