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Tuesday Morning Jingyi Trading Ideas Analysis
Big Cake has recently maintained a wide-range consolidation pattern. After probing the bottom around the 650 area last week, it stabilized and rebounded, rallying to around 703 where it met resistance and pulled back. It is currently trading within the 689 range. The bullish idea from yesterday was realized
In terms of market rhythm, the short-term pullbacks lack follow-through; they have not broken below the support that formed with the rise that started yesterday. On smaller timeframes, the market remains in a choppy upward structure, and the daily bottoming and rebound trend is unchanged. The overhead pressure is still expected around the 720 area.
Trading Suggestions
BTC Buy in batches within the 683-675 range, target 700-720
Do not chase shorts during the sharp drop in the morning; when the pullback stabilizes, first set up long orders
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