7.15 Afternoon Big Pancake Aunt Market Analysis

The early market bears continue to exert pressure, with pullbacks breaking down further. This morning, a bullish strategy was suggested, but upon observing the market trends that were contrary to expectations, decisive arrangements were made for actual members to reverse and enter the market short, achieving a precise strike on the market.

Currently, the market continues to test downward, having crossed several levels of support. The hourly Bollinger Bands are showing a downward divergence with the three lines turning downwards, and the price is adhering to the lower band, with bears strongly pushing out five consecutive bearish candles, and the trading volume providing corresponding support for a price-volume breakout pattern. The pullback trend has basically been confirmed; it remains to be seen how strong its continuation will be. This afternoon, we can position ourselves to take short trades on the rebound.

Big Pancake can be positioned short around: 118000-118500, with a target of 116100-115600.

Aunt can be positioned short around: 2960-2990, with a target of 2900-2860.