Market analysis at noon on 9/20

Due to the interest rate cut, the price of cake has been rising. It also adjusted back to around 62,600 in the early morning, and broke through 64,000 again at noon. The overall trend is still dominated by the bulls.

The daily line showed a trend of 3 consecutive positives, and the moving average is generally upward. Now the resistance is also based on the weekly MA30 moving average. After stabilizing at 64,000, the market is likely to touch the 65,000 resistance point. It will need to take a correction trend. At present, there is no strong correction. We still need to pay attention to the dealer to draw a big door for us. The midday strategy is still based on low-long operation suggestions, not shorting. In front of the bulls, which one is the top? It can be said that there is no top now. "It should be reminded that there is still a need for a pullback at 4 pm."

Strategy suggestion: Go long again near 62700/63000, defend 62400, and target 64000/65000

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