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4.8 Early Morning Big Cake Analysis
Big Cake today faced pressure after ranging from the 69,219 high, then consolidated and fell back. The bears gradually gained strength, and the price fell to as low as 67,711. Short-term bearish momentum has been clearly released. The current price has stabilized in the 68,200-68,400 area. Market sentiment is becoming cautious, and selling pressure has eased somewhat. From the chart, after pulling back about 1,500 points from the high, short-term support has formed at 67,700-67,800, and technical rebound demand is gradually strengthening. At the same time, the 68,400-68,500 range is a key transition level between bulls and bears; if it can effectively hold above this level, it may further test the 69,000 mark.
Big Cake Trading Suggestions
Entry Range: Go long at 68,000-68,300, target 68,500-69,000
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