7.12 Evening Silk Road

Before the big cake surged to 64,680 and reached the fat point, the upward push suddenly died out. Several attempts to push higher couldn’t break through the fat point; the overhead pressure is especially heavy.
Now it’s just grinding back and forth around 64,000. The rebound strength is particularly weak. There’s very little capital willing to enter to catch the dip. A lot of profit-taking sell orders have piled up at the fat level, so in the evening the market is highly likely to trade in a range and then move down for a correction.

Big cake: range reference around 64,600–65,100; target toward 63,200–62,700.
Second cake: range reference around 1,830–1,870; target toward 1,770–1,730.
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