On February 18, the trend of the big cake market and operation suggestions

At present, the overall trend is in a volatile downward trend, and attention should be paid to the performance of important support and resistance levels. In the short term, the decline on February 3rd broke through 95,000 points, which marked an acceleration of the downward trend. Although the rebound on February 11 showed the intention to grab the rebound, it failed to break through 98,000 points, and the rebound strength was insufficient.

The current price fluctuates in the range of 95,000 to 98,000. As the market shows a trend of volatile decline and there is no strong upward signal confirmation in the near future, it may continue to test the support of 95,000 points below in the short term. If the support is effective, it may usher in a small rebound again. Otherwise, if it falls below this support level, it may see a deeper decline.

The 95,000 support has been tested twice in a short period of time, so pay attention to the performance of 95,000 points in the evening or early morning. If the price sticks to this position, you can consider entering with a light position and setting a stop profit near 97,000. If the resistance at 98,000 points can be broken, you can consider increasing your position to participate in the rebound and set the next target at 100,000 points.