Evening Thought on 7.7 Two Cakes
Two cakes encountered strong resistance at the 2600 position and were strongly suppressed by bears, resulting in a downward close. The intraday rebound was weak, making it difficult to break through the upper Bollinger Band pressure, with multiple attempts to attack the 2590 level failing. On the technical side, although the middle band of the Bollinger Bands provides support, the bullish momentum is weak and struggles to withstand the bearish pressure. In the short term, achieving an upward breakout is quite challenging, and the overall trend faces strong resistance, with the upward trend yet to open up.
Level: Short around 2580 on the rebound, looking down to around 2540 #币圈
