Wednesday: After a rise, a pullback; the top has not yet been seen, be cautious in chasing shorts

In the long river of time, there are not only landscapes but also lessons. Only by absorbing lessons while enjoying the scenery can one gain a deeper understanding of different landscapes for a longer journey.

Yesterday, the market rose and faced pressure in the 108500 area, showing a pullback and correction state. It is currently in a phase of consolidation. Although I have emphasized a bullish outlook throughout, I have also repeatedly mentioned to add positions at lower levels to prevent the pullback cleansing after facing pressure. I wonder how many people have taken this in.

From the current technical structure, on the four-hour scale, after rising and facing pressure, it has not effectively recovered, and the weak downward trend is continuing. The bulls have slightly paused and need to catch their breath. There is still a weak continuation in the short term, with further pullback demand. The bullish stance remains, but do not chase more; wait for the pullback to re-enter.

Today, our strategy remains unchanged: continue to buy low.

In terms of operations, I personally suggest buying in the 105300-105800 area, looking towards 106800-107800.