7.1 Afternoon Views on Big Cake and Small Cake

Currently, the price is close to 58940. After a brief sharp drop in the morning, it rebounded quickly, but the follow-up upward momentum is insufficient. The trend has started to weaken.

After rebounding from the morning low, there hasn’t been enough buying pressure to keep pushing the price higher, and there is clear resistance above. From the perspective of capital sentiment, the heat of short-term longs has cooled down, and the overall market is leaning toward weak, range-bound consolidation.

In the afternoon, it is highly likely that there won’t be a strong upward move. If the price cannot hold the upper range, it will most likely continue to test the lower support. It is not recommended to blindly chase a rising trend.

Trading Suggestions

Big Cake: Resistance in the 59000-60000 range, target 58200; if it breaks out, target 57000.

Small Cake: Resistance in the 1590-1650 range, target 1540; if it breaks out, target 1450.

(Individual views are for reference only. Investing involves risk—enter the market with caution.)
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