The big cake went long near 83,000 yesterday. After the rebound from #BTC , it got capped at 83,800 and didn’t go up, then it pulled back. I ended up taking around 800 points. Just now the low was again tested, almost back down to 83,000, and currently it’s making a small rebound.
Right now, the big cake has been ranging in the 85,200–82,500 area for several days without choosing a direction. I feel it should break out once the monthly line closes. The monthly line closes tomorrow morning at 8:00, so it won’t be long—early in the month we should already have a result, which coincides with the National Day holiday. As long as it holds above 82,000, it will move upward. Breaking 85,000 is only a matter of time, provided that 82,000 doesn’t break down below the level.
Right now, the big cake has been ranging in the 85,200–82,500 area for several days without choosing a direction. I feel it should break out once the monthly line closes. The monthly line closes tomorrow morning at 8:00, so it won’t be long—early in the month we should already have a result, which coincides with the National Day holiday. As long as it holds above 82,000, it will move upward. Breaking 85,000 is only a matter of time, provided that 82,000 doesn’t break down below the level.
