Morning Analysis on July 28
Yesterday, Li's strategy accurately reached its target, and the big pie encountered resistance and fell back: after reaching a high of 119550, it faced pressure and descended, hitting a low of 118709 where support was found and rebounded, then surged again to 119747; the instrument synchronized with fluctuations, rising to 3868 before retreating, and tested 3816 in the early morning where it stabilized and rebounded.
From the observation of the hourly Bollinger Bands pattern, the current channel is expanding in a trumpet shape, indicating an expectation of increased short-term volatility. The price briefly broke through the upper band but did not effectively maintain that position, quickly retreating; this action is actually a technical pullback after the bulls tested the waters. Currently, the price is still oscillating around the upper band area of the Bollinger Bands, indirectly confirming that the bullish strength still holds the upper hand in the short term.
Operational Suggestions
When the big pie pulls back to around 118400 - 118900, go long, targeting around 120000-121000, and if it breaks through, aim for 122600.
When the instrument pulls back to around 3780 - 3810, go long, targeting around 3880-3920, and if it breaks through, aim for 4000.
