Jin Dachuan 8.6 Big Cake Morning Thoughts

The big cake has fallen from a high position and is currently around 113600. After multiple rebounds, it has faced resistance and the strength is weak, indicating that the bearish trend has not been completely reversed! Yesterday, after the rebound touched the 115000 range, it quickly fell back, indicating heavy selling pressure above and insufficient buying strength. The short-term rhythm is still dominated by bears.

Looking at the 4-hour chart, the price is weakly running along the lower Bollinger band, and the moving averages are showing a downward pressure pattern. The rebound highs are gradually declining. Although there is support at the previous low, it has not led to an effective counterattack, and the rebound momentum continues to be lacking. However, the view on the big trend remains unchanged, and we still aim to take a pullback approach, focusing on the support levels of 112500 and 111800, and the resistance level of 115000.

Recommend high short and low long in the range of 112500-115000 to capture short-term gains.

You can keep a low-position long position as a base to speculate on subsequent market movements, with a target of 128000!