The rebound of the big cake is confirmed by the short idea, and the rebound range is confirmed. The idea of ​​low connection of the second cake is confirmed, and the upward trend is 3720, and the precise stop profit is 3722.

12.4 Afternoon Thoughts

We review today's market movements, which have shown persistent wide fluctuations since early morning. From 9:15 to 10:15, there was a rapid jump to 96666.6, followed by a quick drop to 95242. This is nearly a 1500-point range. Profit-taking occurred twice, clearing high leverage positions on both sides. During this period, before the rapid drop, Zhenkang conservatively exited, completing last night's long position on orange futures, entering at 3571 and exiting at 3701, making a profit of 130 points, netting five bowls of three thousand oil.

Looking at Bitcoin, starting from 10:15, large Bitcoin began to recover and move upwards, reaching 96746 at 2:25 PM. The current price is at the upper band of the Bollinger Bands, and from the MACD indicator perspective, the bulls are weak and unable to break through the 97000 key level. We boldly look downwards
Large Bitcoin maintains a bearish outlook, with short positions between 96600 and 97100, targeting a drop to 95700.
For the smaller Bitcoin, primarily look for buying opportunities, with attention on the downside at 3610 and looking up to 3720.
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