To be honest, I don’t see any adjustment signal in this wave of movement. There’s a high probability of only two scenarios today: either it surges directly upwards, or it fakes a dip before continuing to rally.

This logic was actually validated yesterday—the price rebounded as soon as it made a slight pullback, and there was strong buying support at the bottom. It didn’t even break the 90000 level, so are you still expecting a major correction? Such minor pullbacks are very normal in a rebound trend; it’s just building up momentum for the next leg up.

Here’s my operational thinking: if the price really pulls back to around the daily mid-band, that’s a money-making opportunity. Why? A strong rebound to the upper band followed by a pullback to the mid-band is a textbook secondary confirmation pattern—an initial surge, a pullback, a breakout, another pullback, and then a continued breakout. So, positions at the mid-band or slightly lower can be held until next week, because judging by the current structure, it’s likely to keep rallying until the rate cut news is confirmed.

The first key level to watch is 95400. The first time it touches this level, there will definitely be a pullback. Focus on the depth and strength of the adjustment, as this will determine whether the rally can continue. But note, this judgment is for this week; if it only reaches this level next week, be extra cautious. So if it tests 95400 for the first time in the near term, you can try a small short position, or partially reduce your long position. If the pullback isn’t significant, continue holding your longs. The most optimistic target is the 96000-98000 range.

The real danger zone is the 86000-88000 range. This not only fills the short gap but is also a key previous support, and the timing might coincide with the rate cut—so the chance of a trend reversal is extremely high. If the price stagnates or weakens here, go short immediately; this could very well be the start of the next bearish trend, with a target around 70000.

Overall, at this stage, it’s still a rebound correction within a larger downtrend—the rebound isn’t over, and there’s still room in the short term. Consider going long at 90000 or lower, reduce positions or try a small short at 95400, and if the rebound continues, the highest target is 96000-98000. Once there are signals in that range, start building long-term short positions, with a target of 70000.