Analysis of the midday strategy

From the weekly pattern, it can be seen that in a bull market, it is quite common to see a significant drop followed by a rebound at the daily life line. The underlying logic is quite clear: during the previous surge, many funds made profits and wanted to take them off the table. When the price drops to the 'life line', a widely recognized support level, bottom-fishing funds will actively enter the market, and the rebound is often strong, with gains of 50% or even doubling. Essentially, it is 'profits being realized, with new funds stepping in to push the market up again'.

As for the current position, waiting and observing is a more prudent choice. The reason is simple: on one hand, the market has just experienced a sharp drop in the early morning, and market sentiment has not completely stabilized yet. In the short term, there may still be some choppy fluctuations, and being too eager to buy or sell can easily lead to missteps; on the other hand, a pullback in a bull market is not unusual—after all, a bull market does not rise in a straight line; it must digest those hesitant chips before it can rise more steadily. Even if there is a temporary break of support during this period, as long as there are no signals that significantly damage the trend, such as a 'large bearish weekly candle breaking through key levels', it is highly likely just a washout.

The main direction is bullish

The weekly mid-range of 110800-111200 is being positioned around here, looking at three target levels: 114800-117000-126000