Thoughts in the afternoon of October 16

The main resistance faced by the price of big cake is at 68,000, but its overall market trend is still dominated by the bulls, and the highs have been refreshed repeatedly. Although the market price has adjusted in the short term, it will eventually be able to quickly recover and stabilize without continuous decline. Analyzing from the daily K-line chart, the opening of the Bollinger Bands has shown an upward trend, which indicates that the market still has further potential for growth in the future.

In the four-hour chart, after the big sun pulled up, the price ratio also showed a relatively obvious range oscillation upward pattern. The trend did not give more retracements, and the Bollinger Bands kept running upward. The KDJ indicator in the attached figure was glued together and sorted. The short-term oscillation sentiment was relatively strong. At present, the market is in the stage of high-level sorting and repair, so the strong structure has not changed, and the general direction is still bullish!

Operation suggestion

Big cake 66600-66300 to take more, target 67500

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