4.29 Morning Big Cake Aunt's On-Site Market Analysis, Key Battle at 950!
After experiencing a deep pullback last night, the market welcomed a volatile upward movement in the early hours of today. After the rice returned above 94500, it underwent a short period of volatile adjustment. Aunt's price fluctuated around 1800, and the short-term volatility of the market isn't significant.
From an overall structural perspective, after a solid big bearish candlestick on the four-hour chart, a bullish candlestick follows, which somewhat mitigates the bearish sentiment. Currently, as the volume of shorts continues to decrease, bulls are becoming increasingly strong. The main focus of contention today still lies in whether the 95000 level can be stabilized, which would significantly impact the overall market trend.
On the hourly chart, the lower boundary shows a clear upward trend, and the market sentiment is relatively resilient in the short term. Although technical indicators have all turned upward, the noticeable reduction in trading volume requires caution against potential pullbacks triggered by market sentiment.
Morning Big Cake reference price near 94900 for long positions, targeting 96000; Aunt reference price near 1800 for long positions, targeting 1830.
