Afternoon Big Cake Idea Analysis

1. Price Movement
- Price quickly dropped from the intraday high of 74246.2 to the low of 69421.1, then oscillated and consolidated in the 69500–70200 range, which is a typical weak recovery pattern after a sharp decline.
- After a long bearish candle on the 15-minute level, multiple small candles are moving sideways, indicating that bulls are temporarily unable to counterattack and bears still dominate.

2. Funds and Sentiment

- Net capital outflow of -1.157 billion, with open interest of 6.246 billion, indicating the market is experiencing panic selling with some funds exiting the market for risk hedging.

- Bearish Strategy:

1. If the price fails to hold steady above the 70500–70800 resistance zone during a rebound, you can follow with light short positions, targeting the previous low at 69500. If it breaks below, watch the 69000 support level.

2. Stop loss can be placed above 71000 to avoid unnecessary losses from false breakouts.

- Key Reminder:
Currently in a sensitive period after a sharp decline, volatility will be extremely fierce#TradFi首创多倍杠杆