$BAKE BAKE Today's Market Analysis:
Currently, the 1-hour, 2-hour and 4-hour levels all show a clear bearish trend, and the daily line is also biased towards the bearish trend. For long orders and bottom-fishing operations, investors are advised to remain calm and wait for favorable opportunities.
From the perspective of the daily level, as long as the price remains below 0.2539, the overall market trend is bearish.
As far as short-term operations are concerned, especially referring to the 4-hour level, if the market rebound fails to effectively break through key resistance levels such as 0.2570, 0.2614 and 0.2657, the market is expected to maintain a bearish trend.
This round of short-selling targets can be locked around 0.2450 and 0.2412.
For investors who already hold spot short positions, it is recommended to build positions in batches around 0.2412 and 0.2351 to take advantage of the market's possible decline and pullback opportunities for layout.
The key to spot trading is to accurately capture the market's pullback opportunities to achieve effective layout.
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