8.27 Analysis of the Second Cake/Chart Surface
If price rebounds to the 2510–2530 range, watch for potential high-selling opportunities. Key protection level is 2550. First observation position: 2470. Second observation position: 2440.
On an hourly cycle, after the second cake dips to the 2412.69 low point, it then initiates a strong rebound, climbing up to the stage high of 2533.47. After reaching that peak, the upward momentum clearly slows down. On the hourly timeframe, the 7-period moving averages are still running upward, but 2510–2530 is a pressure zone of prior highs, where a large amount of short-term sell pressure has accumulated.
The MACD still remains in a red-bar state, but the upward momentum is gradually weakening. After a continuous rally, the chart shows a need for pullback and corrective repair. This leg of upward movement is only a rebound/repair trend following a bottoming.
If price rebounds to the 2510–2530 range, watch for potential high-selling opportunities. Key protection level is 2550. First observation position: 2470. Second observation position: 2440.
On an hourly cycle, after the second cake dips to the 2412.69 low point, it then initiates a strong rebound, climbing up to the stage high of 2533.47. After reaching that peak, the upward momentum clearly slows down. On the hourly timeframe, the 7-period moving averages are still running upward, but 2510–2530 is a pressure zone of prior highs, where a large amount of short-term sell pressure has accumulated.
The MACD still remains in a red-bar state, but the upward momentum is gradually weakening. After a continuous rally, the chart shows a need for pullback and corrective repair. This leg of upward movement is only a rebound/repair trend following a bottoming.