Big Biscuit: In the past few days, I have been emphasizing the shift from bullish to bearish thinking. Since Monday, the market has already experienced three consecutive days of pullbacks, and it is currently adjusting its deviation rate. Yesterday, it was trading around 67000, and the market has repeatedly attempted to break through the support level of 66600 but failed, forming a strong support after the pullback. From a daily perspective, it is highly likely that the market will attempt to break downwards again, still under pressure from the trend line.

Looking at the 4-hour chart, the K-line has turned down again, and the market still needs to continue breaking down! For intraday operations, you can short on rallies, with key resistance at 67350-67800 and key support at 66600-66000.

Second Biscuit: From a daily perspective, three consecutive solid bearish candles have formed, contrasting with the repeated attempts of the big biscuit to form a bottom. The second biscuit has been in a continuous downtrend without looking back, and currently, there is no obvious small support in the current small wave. The second biscuit has pulled back from the high point to the area between the MA7 and MA14 moving averages, which can be used as a defensive support point. On the 4-hour chart, after the death cross of the MA mentioned in yesterday’s report has formed, there has been no clear reversal signal, and it is still continuously under pressure from the MA7 moving average. For intraday operations, maintain shorting on rallies, with key support at 2630-2665 and key resistance at 2580-2650!

Altcoins: Currently, the market liquidity is very poor, and the overall volume cannot keep up, only maintaining the trend of the big biscuit. The second biscuit and altcoins are basically stagnant. The current trend needs to be refined; if not refined, it will rise every day until the end of the month and the beginning of next month, coupled with the election news at the beginning of next month, there is not much room for movement. To put it bluntly, it is just passing time, adjusting downwards with the big and second biscuits together. Still, the same saying applies: light positioning is possible, but you must watch the target and the hype, focusing on ultra-short-term operations. The time for long-term investments is not yet here.