Currently, Big Cake is experiencing fluctuations after a high surge, with a rapid pullback last night nearly swallowing up the long white candle, suggesting a forceful washout of the market. From the daily chart perspective, the daily candlestick is about to close with a very long upper shadow, indicating strong selling pressure above, and despite several attempts to recover at midnight, no effective results were achieved. In conjunction with the hourly perspective, the market is oscillating around the 120000 level, with the alternating yin and yang candlesticks showing increasingly weak retracement strength, and the momentum is insufficient to continue pressing down the price ratio. On the four-hour chart, two consecutive doji candlesticks have completed a short-term trend defense conversion. In the morning, our strategy remains unchanged, continuing to look for opportunities to buy low.
$BTC Big Cake: 119200~119500, target 121500.
$ETH Auntie: 2960~2985, target 3080
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