June 9th, the weekly chart shows a strong pattern, but I still feel uneasy. Don't chase the stablecoin concept in the short term.

Hello everyone, I am the Old Mischief, a practitioner of tenfold growth in five years. In the new five years, let's grow and work hard together.

Last week, $Hang Seng Index(00HSI.HK) showed a pattern of first suppressing and then rising, with a cumulative increase of 502 points for the week, closing at 23,792 points. The weekly chart showed a strong bullish candle, technically breaking through the May high, exhibiting strong characteristics.
At the beginning of the week, due to Trump's accusation that China violated the trade agreement, concerns about the escalation of Sino-US trade tensions intensified, causing the Hang Seng Index to plummet over 600 points in a single day on Monday, hitting a low of 22,668 points, breaking the psychological barrier of 23,000 points and key supports such as the 20-day and 50-day moving averages (22,736 points). Subsequently, market sentiment eased due to the Sino-US leaders' call, and funds entered the market to buy on dips, allowing the Hang Seng Index to quickly recover the 50-day moving average and the 23,000-point barrier, launching a three-day bullish attack. On Thursday, it hit a new high for the week at 23,951 points, breaking the May high and approaching the 24,000-point integer barrier. On Friday, some funds took profits, causing the Hang Seng Index to retreat after rising, but it remained above the moving average throughout the day, finally closing at 23,792 points, forming a strong weekly pattern with a long lower shadow and a solid bullish candle.

$Hang Seng TECH Index(STECH.HK) had a similar weekly pattern, with technology stocks performing relatively weaker.

This week, challenging 24,000 and reaching 24,300 are possible, but it's important to view the current market more calmly. Operations should still maintain a light position, without being overly stubborn about trends. Flexible! Flexibility is key!!!

$BABA-W(09988.HK) performed relatively weak after the rebound, holding a light position and waiting for an opportunity to increase holdings.

$TENCENT(00700.HK) did not provide a good buying point, with limited space above 520 in the short term. Those who like short-term trading can operate on dips.

$JD-SW(09618.HK) has a high probability of breaking below 125 in the future, and the mid-term buying point has not yet arrived.

$MEITUAN(03690.HK) has a key strength and weakness dividing line at 140, with a low probability of standing above it.

$ZA ONLINE(06060.HK) saw a significant rise in the stablecoin concept, with short-term speculation and high uncertainty in future business. The stablecoin leader enjoys most of the market share, and chasing high carries risks.

$CSOP UST20(03433.HK) 

$Proshares UltraPro Short QQQ ETF(SQQQ.US) 

$FI2 CSOP HSI(07500.HK) 

$iShares barclays 20+ Yr Treasury Bd(TLT.US) 

$S&P 500(.SPX.US) 

$NASDAQ Composite Index(.IXIC.US) 

$Dow Jones Industrial Average(.DJI.US)