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7.7 Evening Big Cake / Posture Analysis
After the four-hour-level rally, bullish momentum has gradually weakened. The market has come under pressure and pulled back, with the current price trading around 63372. On the hourly chart, the battle between bulls and bears is intense. Sell pressure continues to be released. In the short term, trading has entered a range-bound consolidation; it is preferable to watch and wait for a clear signal rather than enter the market impulsively.
In terms of execution:
Big Cake: Place bids at 62800-63100, with the first target at 63600. If it breaks out, look toward 64500;
Posture: Place bids at 1750-1760, with the target at 1800. If it breaks above the level, look toward 1850.
Tips:
The above analysis is Mu Yao’s personal analysis. The market changes rapidly. The content is for reference only and does not constitute any investment advice!
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