This week's market continued the decline from last week's 93,600, reaching a low of around 88,000, then started to rebound, currently trading around 88,500.
From the weekly chart, after a surge to around 98,000 was blocked, a correction began. However, the MACD is gradually shrinking below the zero line, and the pullback only reached around 88,000 without further deepening, indicating that northbound capital flow is not far away!
It is recommended to go long around 88,000, add a position at 87,000, set a stop loss at 86,200, with the initial target at 93,600, and aim for 98,000 if broken.
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