Yesterday has passed, with a total of 4750 points. It can be said that the overall upward range has been fully reached. The lowest point near 707 was mentioned before, only needing to defend at 704; 704 is not only the previous low point but also the four-hour bottoming point, with double bottom support being relatively strong. Additionally, the recent high points have raised the lows, so 704 is the dividing line—once broken downward, it will continue to weaken; otherwise, it will continue to strengthen. Therefore, only a 300-point defense to take larger gains is suitable for this market. Instead of going for a breakout at critical support and not gaining space, which makes it easy to be caught off guard.

Currently, the overall pattern shows that the bullish momentum is obvious, with four-hour consecutive gains, and the daily chart also closing near the top. The daily Bollinger bands are expanding, indicating that the bullish momentum has some continuation. Although the four-hour chart is temporarily facing resistance at the upper Bollinger band, it is not a reversal signal. After a volume increase, it will enter a correction and consolidation phase, which is also a recharging period. Without fundamental shocks, recharging makes it easier to continue upward. So, maintaining a northward trend within the day is advisable.

The range from 741 to 738 remains a good area for northward movement, progressing toward around 768 to 775. #今日你看涨还是看跌？