8.14 Afternoon Analysis
Reviewing the morning, the big cake entered a phase of oscillation and consolidation after setting a new historical high, with short-term momentum entering a brief balance.
From the hourly Bollinger Bands perspective, the current three bands show a steep upward divergence pattern, all extending upwards with a strong slope. This reflects that the market is in a strong 📈 trend, with momentum dominating the market rhythm.
The distance between the upper band and the middle band is gradually widening, with the upper band showing signs of detaching from the middle band’s push rhythm. This indicates that short-term oscillation consolidation is needed to complete the correction and accumulate momentum for future movements.
Therefore
The big cake can oscillate around the range of 122900-122500
The target can be around the range of 124000-124700
The second cake can oscillate around the range of 4720-4670
The target can be around the range of 4830-4900
