6.24 Afternoon Silk Road
In the volatile trading cycle of the persimmon market, the large pancake touched a high of 108,222, and the second pancake climbed to a temporary peak of 2,519, before experiencing a deep pullback. Monitoring data shows that during the rebound process, a significant selling pressure from institutional investors emerged, with a notable acceleration of capital outflow, forming a strong resistance zone. The second pancake market exhibited a similar trend, with sustained net outflow of main funds causing its upward channel to be blocked, reinforcing the resonance signals from both the technical and capital aspects of the persimmon market.
From the perspective of market sentiment indicators, alongside the severe volatility, the fear and greed index dropped significantly, indicating heightened panic in the persimmon market. Quantitative analysis shows a surge in the open interest of derivative markets, which, combined with increasing selling pressure from the current market, has provided a favorable environment and emotional support for the strategy testing.
The large pancake is expected to rebound around 108300-109000, looking towards 107400-106500.
The second pancake is expected to rebound around 2490-2530, looking towards 2400-2440. #BTC
In the volatile trading cycle of the persimmon market, the large pancake touched a high of 108,222, and the second pancake climbed to a temporary peak of 2,519, before experiencing a deep pullback. Monitoring data shows that during the rebound process, a significant selling pressure from institutional investors emerged, with a notable acceleration of capital outflow, forming a strong resistance zone. The second pancake market exhibited a similar trend, with sustained net outflow of main funds causing its upward channel to be blocked, reinforcing the resonance signals from both the technical and capital aspects of the persimmon market.
From the perspective of market sentiment indicators, alongside the severe volatility, the fear and greed index dropped significantly, indicating heightened panic in the persimmon market. Quantitative analysis shows a surge in the open interest of derivative markets, which, combined with increasing selling pressure from the current market, has provided a favorable environment and emotional support for the strategy testing.
The large pancake is expected to rebound around 108300-109000, looking towards 107400-106500.
The second pancake is expected to rebound around 2490-2530, looking towards 2400-2440. #BTC
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