1/6 Monday Early Morning Big Cake and Second Cake Silk Record:
From the current perspective of the market, the big cake saw a slight pullback yesterday, but during the night it continued to test the 98000 level. Although it has not been able to break through our preset level of 99000 in the short term, the overall upward trend remains significant. Recently, the market has shown a pattern of rising followed by slight pullbacks and fluctuations, presenting a wave-like structural pattern.
The four-hour chart shows that although it has not effectively broken through the previous high, there is a strong expectation for a rise in the future.
On the daily level, the big cake has closed positively for five consecutive days, showing a strong upward trend. The reduction in trading volume indicates that the main force is highly controlling the market, and the price steadily stands above the 30-day moving average. Based on this, we continue to be optimistic about the bullish continuation of the rise and suggest that investors buy at low positions.
Suggestions:
Buy the big cake in the 97000-97500 range with a target of 98500-99000.
Buy the second cake in the 3600-3620 range with a target of 3680-3720.
