May 15 Afternoon Big Cake and Second Cake Latest Market Analysis and Trading Strategy
The market's pace is fast and slow, which tests our patience and mindset the most. When the direction is correct, we are not afraid of the distance.
Looking back, the Big Cake touched a high of 103,899 before starting to pull back, currently at a low of 101,682.
The Second Cake also touched a high of 2,646 before starting to pull back, currently at a low of 2,515.
This morning, Qianwu provided a high short strategy that captured over 1,600 points on the Big Cake and 70 points on Ethereum.
From the current market perspective, a descending channel has formed on the four-hour level. The MACD has expanded with a death cross below the waterline, with no signs of a stop in the short term. The MA5/MA10 has crossed below the MA30, the Bollinger Bands are opening downward, KDJ has entered the oversold zone but has not shown a turn, and RSI has fallen below 40, indicating a weak area. The bears completely control the market.
In the afternoon, Qianwu provided a trading strategy for high short and low buy.
For the Big Cake, short near 102,800-103,000 with a target around 101,000.
For the Second Cake, short near 2,580 with a target around 2,450.
