Last Friday, I mentioned two points: 1: The long wick candle near 114000 from the previous decline has great attraction, and the price is highly likely to test this level (verified). 2: If the price tests and holds above this level, it will continue to fill the previous gap on the daily chart in the range of 116000-119000 (currently ongoing). I also mentioned a strong feeling that a strong rise K would appear soon, but I didn't expect it to complete the pump on Sunday. The weekly chart shows a double bottom structure, and the rise will continue for a while at the beginning of this week.

On the daily chart, the gap from the previous sharp decline is between 116000-119000, and this week is expected to continue pumping to fill this gap. The most critical resistance level during this pump is around 117000. If this level is reached and a small weak structure appears, along with the current daily Bollinger Bands being in a closing state, a short position can be attempted for a period of time. The specifics will be analyzed in detail later.
Since there is still upward space in the market, recently only consider pullback longs. The first support is the weekly mid-track at 113800, where we can continue to go long and look for an upper target. The short-term pressure is around the previous natural rebound high of 116000, pay attention to the market's reaction at this level to consider whether to reduce positions. If there is a strong breakout, directly look towards the 117000-118000 area, at which point definitely reduce positions, as there may even be a reversal risk.
The small time frame is very obvious, with a very good bullish market framework, consistently rising highs and lows. The short-term key level is around 113000. As long as the price stays above this level, it is a strong rising pattern. If it breaks below this level, it will shift to a consolidation phase, but it does not necessarily indicate a reversal structure. Currently, there are no clear pullback signals, so in trading, only long positions are considered until weakness appears.
In summary, this week we continue to look for a pump to the 116000-119000 range, with key resistance above at 117000-118000. This level is a potential point for profit-taking or liquidation, and we should pay attention to the market structure at this level before making decisions. Recently, we continue to extend our bullish stance, and for short-term trades, support near 114000 allows for direct entry, targeting the 116000-117000 range.
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