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Big Cake Morning Analysis
Today, Big Cake’s overall movement still remains mainly in a ranging range, with a relatively steady course. In the early session, it surged close to 7.95 and then fell back slightly; currently, it is fluctuating around 7.8, with the bulls holding an advantage, but the pace of the rise has slowed. In the four-hour view, the Bollinger Bands are showing an opening upward; the price is moving along the Bollinger upper band. The MACD energy histogram continues to expand, and the moving averages are above the zero line forming a golden cross. At present, Big Cake has broken through the level, and the bulls are extremely strong. The early phase is waiting for a pullback to follow the trend and buy the dip.
Recommendation: Big Cake retraces to around 775-780 for bulls; the first target is 795, the second target is 800. Defense is 773#Gate13周年现场直击 $BTC