Analysis of the Big Cake Trend

1. Yesterday, the big cake tested a small resistance at 9.65 during the day session, resulting in a quick pullback. However, the bulls were not discouraged and organized an offensive, briefly breaking through 9.65 but then facing strong resistance at 9.75. In the evening session, they completely gave up resistance and continued to decline, reaching a low of around 9.35.

2. In the morning analysis, Ding Ge clearly mentioned the short positions at 9.65 and 9.75 and the trend reversal strategies, strictly implementing them to secure 1800 and 2000 points respectively. Even though there was a small loss during the second attempt at 9.65, the day's performance still stood out! Unity of knowledge and action leads to success.

3. Overall, the trend is in a consolidation phase following a major cycle decline. The fluctuations within the large range are chaotic and illogical in the short term. Our task is to identify the key points in the market; both long and short positions are options, with no absolute right or wrong.

4. For today, the strategy is to hold the low point of 9.35 during the day session, so a short position was opened near 9.42, targeting 9.53-55. The upper resistance is at 9.65, and further upward movement is expected. The entry point for the short position is in the 9.58-9.6 area, while the downside target is 9.4-9.35, with a break looking towards 9.25.

5. The day session is optimistic about running within the range of 9.35 to 9.65. In the evening, the range will be expanded to 9.25-9.65, looking for a long position first and then a short position. If it breaks below 9.35, consider entering long between 9.25-9.28 to bet on a rebound from the low.

To learn more about cryptocurrency and get the latest insights, click on my avatar to follow my public account. Those who can multiply their investment tenfold in a month are also welcome to copy my trades. Daily market analysis and recommendations for quality potential coins.