Goldman Sachs estimates that in 2027, AI-related capital expenditures will be about $1.2 trillion. As storage chip demand is expected to heat up accordingly, SKHYNIX—one of the key beneficiaries—I think short-term sentiment is somewhat bullish, but chasing the price needs caution. The current quote is 1329.9, up 1.7% intraday. After rebounding from the 1281.4 low, it has moved close to the 1337.2 high. The four-hour structure remains upward, but the one-hour timeframe has weakened; it is still 2.94% below the recent high. In the top ten order book levels, the buy/sell ratio is only 0.52, with clear sell pressure. The funding rate is 0.0000%, indicating that longs are not overly crowded. Positioning stands at 33,000 coins (coin-margined), with limited incremental demand. Trading volume is 58,000 and looks somewhat dull, so the sustainability of the rebound is questionable. Overall sentiment is caught in a tug-of-war between bulls and bears. As for strategy: if there is a pullback to 1288.6, consider going long with a light position, stop loss at 1274.3, and target 1341.8. If price rallies to around 1336.5 and stalls—while the buy/sell ratio continues to decline—then consider reversing into a short, stop loss at 1352.7, and target 1301.4. Keep position sizing within 20%. If price breaks the stop loss, exit decisively.

——For personal opinion only and does not constitute investment advice. Wishing you a smooth trade.——

$SKHYNIX# Goldman Sachs estimates that in 2027, AI-related capital expenditures will be approximately $1.2 trillion