Evening Thought Sharing: The Big Pie Conceals a Rising Trend

Today, the big pie broke below 121,000. At first glance, the situation seems unfavorable, but in reality, the upward momentum is quietly accumulating.

From the analysis of market absorption, previously, whales sold tens of thousands of big pies, yet the price managed to stabilize around 120,000. This fully demonstrates the market's strong absorption capacity, with robust buying power below.

Looking at the technical aspect, although the market has seen a pullback, the moving average system still maintains a bullish arrangement, and the RSI indicator is also in a strong range, providing technical support for future rises. Additionally, after the adjustment from the end of July to the beginning of August, combined with the market's interest rate cut expectations, the big pie is likely to take advantage of this momentum to start a rally.

In summary, as long as the big pie can firmly stay above the support level around 120,000, the upper targets of 123,600 - 124,300, and even 125,000, are not unreachable goals.