Big Cake and Second Cake Midday Thought Analysis
Big Cake retraced to the 85500-86000 range, target 87500, looking up to 89000
Second Cake retraced to the 2760-2780 range, target 2850, looking up to 2900
Yesterday, the Big Cake plummeted in sync with the US stock market, briefly breaking below the 85000 mark before quickly recovering, confirming that this support is effective. In the short term, the Big Cake is constrained by the 4-hour downward trend line; a rebound requires breaking through the initial resistance at 87500 to open up upward space.
In the 4-hour chart, the RSI indicator has recovered from the oversold range but has not yet broken through the neutral to strong range; the short-term long-short game still focuses on fluctuations.
Recently, the correlation between the Big Cake and the US stock market has increased. Yesterday, after following the US stock market's decline, it stabilized. During the day, attention should be paid to the fluctuations in US stock futures. If the US stock market continues to weaken, it may exert pressure on the Big Cake's rebound, further strengthening the range fluctuation characteristics.
If the Big Cake retraces and breaks below 85000, timely stop-loss is necessary, and wait for a lower point to enter; specific adjustments can be made at any time.
