7.16 early

First, look at the technical structure of the four-hour cycle. The market is currently running within the Bollinger midline and the middle-upper interval near the upper band, with still some room before reaching the upper band. If it holds above the midline, the foundation of the larger bull cycle remains intact. Last night’s push higher failed to touch the upper Bollinger band and then came under pressure to pull back. However, the Bollinger channel as a whole remains tilted upward, and the long-term uptrend has not been broken.

Switch to the one-hour timeframe to observe. After last night’s rebound attempt, the Bollinger Bands neither tightened significantly nor expanded noticeably. The short-term market sentiment has entered a consolidation and energy-accumulation phase. Even if the order book surface pulls back slightly, the market still maintains a net inflow state, moving closely along the Bollinger midline support. At this stage, keep the short-term view unchanged toward an up direction. If later it effectively breaks through key support, we will adjust our trading direction in real time.

Recommendations
Big cake: 642-637 buy zone, target 655-662
Second cake: 1880-1900 buy zone, target 1940-1980