7.21 Jack big pie market analysis and strategy

In this cycle, the overall trend first dips to 1841.84, then continues to rise. After two attempts to break out and probe the 1917 area, neither time managed to break through. Now the price has pulled back into the 1911 range, with a slight consolidation. The day’s overall fluctuation is only 0.44%, and the market volatility is not particularly strong.

Several moving averages are broadly trending upward and still provide bottom support for the current price. On the order book, the number of buy limit orders sitting below the price is greater than the number of sell orders above, and the strength of bulls’ absorption is still decent. The level at 1917 shows clear resistance pressure—multiple higher-price attempts failed to hold. In the short term, it’s unlikely to directly move into a sustained uptrend. Most likely, it will range-trade and consolidate back and forth within 1907-1917.

For the short term, it’s not suitable to blindly chase longs. Focus on the 1907 support level—once this level is broken to the downside, the market will likely enter a pullback phase.

Trading suggestion: trade within the range 🈳
Trading range: 1925-1940
Stop-loss/defense: 1960

ZhiYing tiered levels:
第1️⃣ ZhiYing: 1890
第2️⃣ ZhiYing: 1870