#TRUMP This rise from 2620 is indeed interesting, directly standing above 3000. Although the long-term cycle is still bottoming out, the momentum in the short term is not weak.
I looked at the Fibonacci retracement levels, and the 50.0 level at 3139 is a hurdle. If it can break through, the potential towards 4000 will be opened up. Now, there's obviously more capital looking to buy around the 3000 mark, and this bullish sentiment can indeed hold for a while.
However, we need to closely monitor the range of 2880-2850. If it really breaks down, we will need to reevaluate the rebound logic.