The big cake market focuses on the initial jobless claims data for the week:

The previous value was 22, the expected value was 22.4, and the actual announced value was 21.9, slightly lower than the expected level. The overall market reaction was relatively flat. The news did not cause obvious waves in the big cake market, and its influence was relatively limited.

Judging from the current big cake trend, the long-term sideways state has quietly accumulated strength, and the market sentiment has also become tense. Many investors have a premonition that the market will set off a wave of large fluctuations tonight. From a technical perspective, if the big cake price breaks through the key point of 970, it will trigger a liquidation risk of up to 483 million short orders, and the market short force may suffer a heavy blow; on the contrary, if the price unfortunately falls below the key support level of 950, then the 272 million long orders will be in danger, and the long defense line may be broken in one fell swoop.

The current price of big cakes has gradually approached the sensitive area of ​​950. Judging from various factors, the evening market is likely to show a trend of falling first and then rising.

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