April 29 Xiaoyue Midday Big Biscuit Analysis

Market expectations for a Federal Reserve rate cut continue to heat up. A loose liquidity environment gives the entire market ample confidence, and the incoming funds’ confidence is also clearly stronger. From the 4-hour chart, price first surged to a high near 80,000, then quickly pulled back, with the low smashed to around 75,600. After that, it stabilized. Now the price has pulled back above 77,000 again, clearly indicating it can’t drop any further. The bulls’ follow-through at low levels is very strong. In terms of trading volume, volume increases during the decline, and there are also clearly enough volumes during the rebound. This suggests that funds are taking action to enter at low levels and that the sell pressure has been digested for the most part. The upward momentum is gradually recovering.

Trading Suggestions:
Set up long positions in batches in the 76,200–76,700 range, with targets looking at the 78,200–78,700 range.
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