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Focus on the key positions today.
Support level: 121,000 is a support zone tested multiple times during the day. If it breaks, it may pull back to 120,000. The fluctuations are not significant, and this position can still be shorted for a long.
Resistance level: 124,000–125,000: Near today's high point, the next target after breaking through is 127,000. Remember that shorting still carries significant risks, so please be cautious. The mainstream strategy now is to continue going long on pullbacks.
The big pancake shows a "high push fatigue pattern" today, and a short-term pullback may occur, but the long-term bull market logic remains unchanged (interest rate cuts + institutional buying). In terms of operations: don't chase the price up, wait for a pullback; if it breaks support, you should run; if it breaks resistance, you can follow.