6.16 Big Pie Early Morning Analysis
The Big Pie fluctuated in the range of 104000-106000 over the weekend, and we made several profitable trades by selling high and buying low. The daily chart continues to move sideways, with support at 105000 and resistance at 106200. The MACD shows a decrease in volume but an increase in positions, and the Bollinger Bands are fluctuating within a range, with the upper and lower bands focusing on 110000 and 102000 respectively.
The 4-hour level is weakening, with the EMA forming a double death cross and short-term resistance at 106000. The Bollinger Bands are narrowing, with the upper band at 106600 and the lower band at 104100. Maintain a bearish mindset for trading, and consider long positions only after a pullback near 100000.
Today's Strategy:
Open short in the range of 106500-106000, aiming for 105000-104000, and if broken, look below 103000.
Strictly maintain defense.
