Today's position analysis:
From the four-hour level, BAKE has entered the 0.28-0.295 range, and failed to break through the range twice and fell back into the range, leaving upper shadow lines many times, indicating that the supply force is still very strong. The probability of a breakthrough in the short term should not be high, and it will continue to fluctuate and consolidate in the range in the later period. It is best to see a rebound after breaking through the range, which is the best entry opportunity.
STMX is not very strong. Under the condition of BTC strengthening, there is not much price fluctuation. At present, it is still oscillating upward near the middle track of the rising channel, and 0.00518 has formed a good support. The pressure level of the rising channel continues to move up. We will continue to observe the test of the upper edge of the 0.0057 channel. Similarly, if it does not fall below the 0.00508 support level, the trend will not be considered to reverse.
