Jinyang Big Cake Afternoon Thought Analysis

Personally, I am bullish. On the daily chart of Big Cake, the 5-day, 10-day, and 20-day moving averages are in a bullish arrangement, indicating a short-term upward trend. When the price retraced, it found support at the key level of $110,000, and the MACD indicator is above the zero line with red bars continuing to expand, indicating strong bullish momentum.

The operational suggestion is to enter long positions above 109,500 with proper defense, targeting just below 111,500.