Tuesday Morning Thoughts

The large pancake continued to rise to around 108900 at midnight before falling back to around 106000. The small pancake also rose to around 2680 at midnight before retreating to around 2525. The daily candlestick of the large pancake shows an upper shadow, indicating strong resistance above, while a short-term rebound is observed.

The market will not rise because of your anxiety, nor will it fall because of your despair. The real winners do not predict the market but know how to respond to it. Stay flexible! The originally stable upward trend has been disrupted by a statement from Trump at 6:30 AM today, pushing the large pancake's resistance back to 106100. The head and shoulders pattern mentioned in yesterday's analysis has a neck line; as long as this line is not broken further down, the short-term upward trend remains unchanged. If the price can hold above 106500 on the four-hour chart, we need to monitor the rebound strength!

From the current market perspective, the overall trend's upward momentum is slowing, having undergone a correction after a high and subsequent fall. However, the daily chart still shows consecutive bullish candlesticks, indicating a clear bullish trend. The price drop this morning due to a statement from Trump certainly requires time to adjust, so today we look at a fluctuating range between 106150-108800, aiming for high sell and low buy opportunities.

In the early session, we first take advantage of the rebound, and later we consider short positions at higher levels! Specifics will depend on the market conditions set by Yunjie’s analysis! For reference only!

Large pancake: Buy at 106000-106500, target 108500-109000

Small pancake: Buy near 2500-2530, target 2650-2750