December 12 Morning Thought Analysis
Yesterday, after multiple attempts to test the support level of 89200, the big pancake started to rebound. During the early hours, the bulls continued to push upwards, with the price reaching a high of 93500. The low-level long positions we emphasized yesterday, both in terms of entry timing and directional judgment, have been accurately validated by the market!
Currently, from an overall market perspective, the situation continues to oscillate within a wide range. The daily line has formed a bullish candle with a significant long lower shadow, releasing positive signals of the market gradually stabilizing; the bearish momentum at the four-hour level shows a continuous weakening trend. Although the bullish momentum at the hourly level has experienced some contraction, the overall upward trend structure remains intact. In summary, the market is still dominated by the bulls, and future operations will continue to adhere to the strategy of establishing long positions on pullbacks to lower levels.
Operational Suggestions
Buy on dips around 92000-91400, with targets looking at 93000-93800; if broken, continue to look at 94800.
