8.23 Afternoon Analysis
Suggestions
Big Cake: Fluctuating around 115200-114200, target 117000-118000
Second Cake: Fluctuating around 4690-4635, target 4800-5000
Currently, the trends of Big Cake and Second Cake are highly similar, both showing a 'stair-step ↓' pattern.
From the 1-hour cycle chart observation, both are nearing the middle Bollinger Band area, and in the short term, it is important to focus on the effectiveness of breaking through the middle band resistance level. Specific key levels to track: Big Cake at the 115200 level, Second Cake at the 4638 level, need to observe if effective breaks occur.
If the above key levels achieve effective breaks, the short-term trend may escape the current ↓ rhythm and possibly form a 'round bottom' pattern; at that time, it should be time to turn, manage stop losses well, and avoid holding onto losing positions.
