Analysis of the Two-Cake Thought
From the four-hour level, the market has seen a significant increase in volume, resulting in three consecutive bearish candles. This has completely reversed yesterday's gains, and the price ratio has returned to operate within the range. The momentum has been further consumed, and there is still an expectation of further decline in the market.
From the one-hour level, the current price ratio is operating below the middle band of the Bollinger Bands, with the middle band exerting significant pressure on the price ratio in the short term. The upper band pressure is clear; after the previous high and subsequent decline, the rebound process has not effectively broken through the middle band, and the trading volume has also shrunk, lacking a degree of upward continuation. Although the lower band is temporarily providing support, the overall rhythm of the Bollinger Bands leans towards a downward guide, and the technical pattern remains bearish overall.
Morning Trading Suggestions
For two-cakes, look for a position around 4500 🈳, aiming lower at 4400; overall still looking for 🈳.
