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#BAKE [2024.5.17 BAKE intraday market analysis]

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🚨BAKE market express📈

Dear investors, please note that the current market of BAKE is as follows:

🕐 1-hour level: It is consolidating sideways, and the market is in a wait-and-see mood.

🕑 2-hour level: There is a rebound, but the strength remains to be seen.

🕒 4-hour level: It is still in the short market, and the trend is bearish.

Key point analysis:

🔴 Current important price: 0.2741. If this price fails to break through, the rebound may fail and the market will continue to be bearish.

🛡️ Support level below: Pay attention to the price levels of 0.2701-0.2626. If they are successfully stabilized, the short side may weaken and the long side is expected to gradually rise.

🔝 Pressure level above: Once the 2-hour long and short prices are stabilized, pay attention to the pressure levels of 0.2777-0.2815. The long side needs to break through this area to further open up the upside space.

Please pay close attention to market dynamics, allocate assets reasonably, and invest prudently. 📊

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