8.15 Midnight Big Cake Aunt Market Analysis
The big cake surged to 114493 in the morning, refreshing its historical high, but the bullish momentum failed to continue and immediately began a technical correction to around 121000, after which it entered a consolidation phase. In the evening, influenced by news, the market experienced a rapid downward spike, hitting a low of 117353, and gradually rebounded to recover to a high point of 119358. Aunt showed a high-level fluctuation pattern during the day, reaching a peak of 4793, and similarly, under the evening news stimulus, it quickly dipped to a low of 4457, before bouncing back to stop at around 4701.
From the current 4-hour chart analysis, the market shows a clear correction trend influenced by news. This round of adjustment not only caused the index to lose the middle track position but also approached the lower track's critical level. However, after falling above the lower track, the market began to demonstrate strong resilience and started to rebound. The correction following the assault on the historical high is a normal phenomenon. On one hand, the substantial profits accumulated earlier need to be realized, which will create a wave of correction in the market. From a technical analysis perspective, any healthy uptrend requires periodic adjustments to digest overbought pressure and repair technical indicators. As we have emphasized many times before, a good bullish trend will inevitably be accompanied by reasonable corrections, which is a necessary process for more stable upward movement later. The current correction is more likely a normal adjustment within the upward trend rather than a complete reversal of the trend.
The big cake correction can be around: 117200-116700, target 120000-119100
Aunt's correction can be around: 4500-4450, target 4635-4730
