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4.21 Evening Poetry Fate Viewpoint: Pullback Weakness, Bullish Reversal
As the battle between bulls and bears in the market intensifies, bearish momentum continues to diminish, and the short-term bullish rebound window gradually opens. The overall price action is in a stage of rallying then pulling back for consolidation, and with the evening “Yellow Hair” interview and the major catalyst of the Wosh hearing, the market is very likely to see a directional trend change.
The overall daily timeframe maintains a bullish structure. The moving averages continue to rise steadily, providing ongoing support, and the medium- to long-term uptrend remains solid. The 4-hour chart repeatedly pulls back to reinforce the bottom; the 75,000 support is holding strongly, and downside room is basically closed off. All indicators gradually recover and pick up, bearish momentum is exhausted, and bullish strength continues to build up. After a long period of range consolidation, the market has fully charged up, and a one-way surge upward could happen at any time.
For Big Cake, it is recommended to place long orders in the 75,500-74,800 range, aiming higher for 76,600-77,900
For Small Cake, it is recommended to place long orders in the 2,280-2,240 range, aiming higher for 2,320-2,370
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