Review: Half a month has passed, and the third phase of the pancake's rise has confidently reached a one-to-one ratio with the first phase's rise. 1、 Current situation: Structurally, it has already touched the lower edge of the previous horizontal range and overlaps. In theory, it can continue to rise, but the more it rises, the greater the pressure will be; 80500 (lowest lower edge of the previous interval), 83412 (daily MA200), 85500 (lowest daily closing of the previous interval); 2. In terms of indicators, the MACD at the daily level shows a green bar deviation, the K-line rises, and the MACD moving average and energy bar have not kept up (which can be resolved through three methods: explosive pull, sideways movement, and pullback); 2、 My personal approach to the state of the pancake is: 1. If there are multiple orders at a low position, you can choose to take a portion of the profits based on your risk preference, and continue to follow the remaining positions (stop loss on an upward move). If there are no positions, it is not suitable to operate (regardless of long or short positions, it is mostly subjectively believed that the profit margin is not large, and short positions are not yet certain); 2. The ambush and knockoff strategy that I kept talking about a few days ago, I used it for a few days, but now I'm ready to take a look and don't use it for now; Da Bing has already risen above 80000 yuan, and the mainstream imitators have not yet seen the trend. So continuing to bet on them to make up for the increase is impolite to one's own wallet. 3、 Ideas for the follow-up market 1. There is no market that only rises without falling. The market has rebounded from 60000 yuan to 80000 yuan, and the trend is non aggressive, with a low slope upward. I believe this is just a rebound, not a reversal, and even if it is a reversal, it needs to be confirmed by stepping back (this is my subjective thinking, only responsible for my own wallet, and I am afraid of stepping down directly); 2. In my opinion, the key point is the adjustment after this rally, and it is worth observing how this adjustment will proceed. Currently, it tends to be the last adjustment before the bull market (the optimistic route/Figure 2 in the top post).