Big Cake and Second Cake Midday Thoughts

Pay attention to the short-term moving averages (such as MA5, MA10) and their following situation. If the price stabilizes above the moving average, it is short-term strong; if it breaks below, one should be cautious of a pullback. MA20 often serves as an important dividing line for long and short positions at the 1-hour level. If RSI is above 50 and not overbought (<70), and MACD red bars continue to expand or a golden cross occurs, short-term bulls are dominant; conversely, if RSI breaks below 50, MACD forms a death cross, and green bars expand, then the bearish force strengthens. Pay attention to previous highs and lows, round numbers, and other support and resistance levels. If the price breaks through the resistance level and confirms with a pullback, short-term upward space opens; if it breaks below the support level, the next support level will become an important defense line.

Big Cake short around 88000-87500, look down to 84000-81000

Second Cake short around 2950-2990, look down to 2750-2700