4.20 Evening Thoughts on Big Pie
Brothers, good evening! The big pie market has finally welcomed some volatility! Last night, the price strongly touched the first resistance level and then began to retreat, and the current amplitude is gradually narrowing. The afternoon's decline has broken the four-hour support level, so pay close attention to the strength of this pullback.
Key Support Levels:
1. The primary support level is 83700, which is a daily level support. If it breaks, the last defense line is at 83000.
2. If the price pulls back to the range of 83500-83000, a light position for long orders can be established. It is recommended to set the stop loss at 82500, with leverage controlled within 50 times. The current daily line still maintains a bullish pattern, providing opportunities for long positions.
Key Focus for Tomorrow:
Tomorrow will switch to a weekly trend, making tonight's market crucial. If tomorrow's daily closing price falls below 83700, it indicates the end of this daily level rebound, and it is not advisable to go long in the short term. One could wait for the price to pull back to the range of 79000-76000 before considering building positions. Conversely, as long as the daily closing price holds above 83700, one can continue to look for bullish rebounds.
