Friday, May 30th, Big Cake and Second Cake Midday Analysis:
This morning, after the Big Cake touched a low near 104500, it quickly rebounded. The three consecutive daily candles released downward space, and yesterday's large bearish candle broke through the recent fluctuation range, intensifying volatility.
In the early session, the downward trend continued to probe the bottom but quickly formed a pin bar. Currently, there is a slight rebound on the daily chart. On the 4-hour chart, the rebound last night reached the middle track resistance and then fell back. The primary resistance level is near 109000.
Pay attention to the breakthrough of key support and resistance levels to determine whether a strong trend can be restarted.
The Second Cake has two consecutive daily bearish candles, retreating from the high point of the range, with a relatively limited decline, still in a high-level fluctuation adjustment phase. The Bollinger Bands on the 4-hour chart are narrowing, with the range's low point gradually rising. After hitting the bottom, the price shows a wide fluctuation upward pattern, but the pace is slow. Currently, the retracement deepens, and volatility increases. In midday operations, it is recommended to primarily focus on low long positions.
Operation Suggestions:
Big Cake Range 105400-105700, Target 106400-107100, Defense 104900
Second Cake Range 2610-2620, Target 2660-2670, Defense 2590
