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7.20 evening market analysis of the big pie
Looking at this short-term intraday chart, the price first dipped to the 1853.60 low and then kept rebounding upward. In the short term it has been rising all the way; it is currently holding around 1871. The overall intraday fluctuation isn’t big—over the past 24 hours, it is down slightly by 0.21%.
In the short term, the two moving averages have already turned upward, providing support for the current price. The ability to absorb orders at the lower levels is still fairly good, and the MACD indicator also remains in a slightly bullish range. There is slight resistance around 1872, which has temporarily prevented further upside. The short-cycle trend is more of a choppy upward move. Focus on support around 1866: as long as support holds and doesn’t break, the rebound rhythm from lower levels can be maintained. If support is lost, the market will fall back and adjust again.#二饼