7.10 Midday Pancake Strategy

This market really looks bad; continuing to be bearish is not a mistake.

With Trump shouting for a 300-point rate cut, the market surged to a historical high, which clearly indicates a rally for the bulls. Retail investors simply can't handle this kind of situation.

Although the price is stable above 110,000 now, the volume can't keep up. If you don't have a position, really don't rush to chase; the triple top at this level has a significant chance of pulling back.

If shorting during the day, the range of 111,300-111,800 can be considered. Keep an eye on yesterday's low of 108,000; if it breaks, there’s a high probability of turning bearish. If it doesn’t break, it might give a short-term long opportunity.

The second pancake has also been quite crazy these past two days, but after the good news has been fully released, it’s unlikely there will be much movement. Don't chase the rise above 2800; first, look for a pullback, with support at 2630. If it doesn’t break, you can also try a short-term long. #币圈