12.12 Big Cake and Second Cake Morning Market Analysis
From a four-hour perspective, the Big Cake quickly pulled out a strong bullish candle after a dip, directly engulfing the previous downward bearish candle, indicating obvious support below. Subsequently, the price returned to above the middle track and continued to produce a relatively strong rebound candlestick. The overall rhythm has switched from downward to bullish repair structure. Various technical indicators are warming up synchronously, and bullish momentum is gradually being released. As long as it does not break below the key support, it still tends to attack upwards. In the one-hour timeframe, the price has continuously closed bullish after pulling up from a low position, and the short-term moving averages show a bullish arrangement, indicating that short-term buying pressure is still dominant. The price stabilizes above the moving averages, oscillating and consolidating, with momentum indicators maintaining high levels of operation, and MACD red bars continue to expand. The short-term rhythm still leans towards oscillating upwards. As long as it pulls back and stabilizes without breaking key levels, the overall structure of maintaining a rebound remains unchanged.
Big Cake: 91500-92000, target around 93800.
Second Cake: Pull back and not break 3150, target around 3250.
