6.12 Thursday Afternoon Big Cake/Two Cake Market Duo
In the current big cake market situation, the release of CPI data yesterday sent positive signals. As a result, prices in the m-stock post-trading session surged strongly. The price of the two cakes hit a new historical high, while the price of the big cake also reached the 110000 mark. However, the evening market faced significant selling pressure at high levels, causing prices to begin to retreat and adjust. Nevertheless, as of now, the key support level for the big cake at 107290 has not been effectively broken, which means that Duo still has the opportunity to regain market dominance.
From the 4-hour K-line technical analysis, the price of the big cake is facing obvious pressure at the key resistance level above. After a round of adjustment, it has currently reached the bottom support area. As long as the support level of 107290 can hold, the subsequent market trend is likely to continue the bullish trend, attempting to further test the strength of the upper resistance. If this support level unfortunately fails, the market trend may reverse, and at that time, one can consider reversing the layout to accommodate the short position. Considering the current market situation, the short-term trading strategy suggests focusing on buying the dips for Duo, but it is crucial to closely monitor the status of the support level and adjust positions and trading directions flexibly.
Operational Suggestions:
Big Cake: 107000-107500 Duo Targeting around 108500
Two Cake: 2750-2765 Duo Targeting around 2800
