November 30th Big Pie Aunt Day Intraday Thoughts
Since last Friday, after the big pie attempted a strong push at the critical level of 93000 but failed, the market quickly turned from strong to weak, with bears suppressing at high levels. The current price is oscillating around 90,000, but both in terms of rhythm and structure, the market is showing signs of multi-cycle resonance fatigue.
There indeed exists a local rebound in the short term, but the trading volume continues to shrink. The price rebound is more of a structural, passive repair, lacking the effective momentum support needed for a trend reversal. Meanwhile, the middle band of the Bollinger Bands at the daily level is showing significant resistance, with multiple attempts to rise failing to stabilize, indicating that bulls lack the foundation for further upward attacks.
If the daily middle band cannot be effectively reclaimed, market sentiment will continue to lean towards weakness, and further downward pressure will accumulate. Overall, the current big pie trend resembles a technical breather before a decline, rather than a prologue to a trend reversal.
Personal Suggestions
Big Pie: Enter short at 91200-92000, target down to 90,000 and 88,000, and if it breaks, look at 85,000!
Aunt: Enter short at 3020-3050, target down to 2950-2900, and if it breaks, look at 2800!
