6.13 Friday Evening Big Pancake/Second Pancake Market
Today, in the afternoon, the market price quickly dipped to 102653, forming a temporary low, and then stopped falling and stabilized, starting a fluctuating rebound. It climbed to around 105400, currently in a high-level consolidation stage, with market fluctuations gradually narrowing. Additionally, the second pancake market's price fell to a low of 2433 during the day but found support, subsequently starting a slight rebound trend. After reaching around 2540, the upward momentum weakened, and the current price is maintaining a sideways consolidation at this position, with a relatively light trading atmosphere and no significant fluctuations.
From a technical analysis perspective, on the daily level, the middle band of the Bollinger Bands constitutes a strong resistance level, and after multiple tests, the price has failed to achieve an effective breakout, indicating a clear weakness in upward momentum. The 4-hour level shows a continuous series of bearish candles and a gradual downward trend, along with a sustained shrinkage in trading volume. Overall, the price is still operating within a fluctuating range, and no clear directional breakout signal has appeared. Considering the current technical pattern, there is significant upward resistance in the market, insufficient rebound momentum, a continued downward trend, and a key resistance level that has consistently failed to break effectively. Based on this, today's trading strategy suggests focusing on high-level operations after encountering resistance during the rebound.
Trading Suggestions:
Big Pancake: 105600-105400, look at around 104400
Second Pancake: 2530-2520, look at around 2480
