The big cake looks at the technical aspect from the 4-hour perspective with a triple resonance, the momentum of the cone head is building up.
EMA(7) is high above 111,205, forming a price difference of over 3000 points with EMA(99), and the divergence rate has reached a historical peak range, indicating strong demand for correction.
The KDJ death cross is at a critical point, with the J value at 94.5 severely overbought, and the K line at 83.8 about to cross below the D line at 78.4. The average correction amplitude after the last 3 similar signals reached 8.2%.
There is a hidden divergence in volume and price; the framework has reached a new high but the trading volume is decreasing step by step, indicating clear traces of the main force's allocation!
Big cake: around 112600-113000 cone
Target 112000-111600-110600
Breakthrough continues downwards, set stop-loss properly!
