This week started from Monday and set a bullish tone overall, with not much change in between. The daily chart has been steadily moving upwards, and the weekly chart is likely to close with a nice bullish candle. After a big rise and fall, a consolidation is needed; this is not the kind of market where one should rush in aggressively, so those who haven’t entered at lower levels should not blindly chase.

In the short term, the 4-hour level is nearing overbought territory, and pushing further up will be a bit difficult, so the strategy is to wait for a surge, then look for a top signal. The key level to watch is still 93400.

—— If it can't push up next week, the market may pull back a bit, waiting for interest rate cuts to continue the rally, then follow the correction trend.

—— If it breaks above, then 93400 will become a new support level, and the market can continue to rise further.

Overall, the direction is still optimistic, but the short term has already squeezed into the pressure zone, so don’t chase too much; just wait for the market to give the next action.