The last key to bulls
Losing will leak
How will the market layout be?
Yesterday, affected by the positive CPI data, the short-term price of the big cake rushed to the 6.0W line and reached a high of 5.98W. After encountering resistance, it retreated. Until then, the market trend was still under control. After all, it was at the same resistance level of the daily MA30 barrier. It was normal to fall back after encountering resistance. However, the short-term decline was a bit surprising to fall below the 1H MA120. However, Farsight still firmly believes that this round of oversold will be recovered in the white market, and the rise will continue.
Still focusing on the macro, before the release of this round of CPI data, Farsight still doubted the short-term bullish potential. After the release of the US June CPI dive, Farsight will firmly hold a bullish view even if it falls in the short term. Judging from the data, it is undoubtedly conducive to interest rate cuts. The short-term boost and decline of US stocks, US bonds and gold also indicate the market's expectation of the decline of the US economy. Although there may be panic in the market, it is a good thing for the big cake and the second cake.
At the same time, last night, after Germany completed the last big cake transfer, the inventory held was less than 5,000 pieces, so its impact on the market is more limited at present. In this way, the short position is about to be exhausted in the macro sentiment, but a series of positive factors such as related ETFs and interest rate cuts are still waiting in line.
Looking back at the market, the short-term increase has pulled out a long downward lead below the 4H level, and the short-term deviation from the moving average has also been successfully recovered upward. In the small-level trend, random indicators such as KDJ are all in a long arrangement. At the same time, friends who are interested in details can see that the lowest price of 3053 yesterday did not fall below the previous low. In this way, even if the short-term support is broken, Farsighted still chooses to bet on a round of long positions during the day.
We can continue to arrange around 5.63-5.68W for the big cake and 3070-3100 for the concubine, aiming at the current high resistance line, and do a good job of defending below 5.6W for the big cake and 3050 for the concubine.
