6.13 Big Cake

The rebound reached 642K in the early morning, then fell back. It is currently consolidating around 63,500, and the bullish counterattack momentum has run out. Liquidity is poor on Saturday, so the market is “slow-cooked.” In terms of strategy, it mainly involves placing orders along the upper edge of the box range.

On a macro level, ETF outflows continue, capital is being diverted noticeably, and there is no foundation for a reversal. In the short term, this is only a breather after a major selloff. Technically, the 4-hour Bollinger Bands are tightening, and 62,500-64,300 forms an effective box range.

For entry, watch the 63,800-64,000 area
Stop loss: above 64,300
Target: if 63,000 breaks, look for 62,500
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