After two rounds of minor upward extensions on the white chart, the dōtóu volume contracted, and buying interest from the north grew weak.



The price quickly fell back from near the upper band of the Bollinger Bands; it has already dropped below support near the middle band. Bullish momentum quickly ran out of steam, and the pressure from the upper band has been proven effective.

During the earlier uptrend, the MACD formed a top divergence. This current pullback is a repair of that divergence, and there is still downward momentum inertia in the short term.

Overall, the core overnight contradiction for big pancake is: the pullback after a high-level divergence is undergoing corrective repair. It is currently in a weak range, and the support level has not stabilized yet. For the overnight, focus on whether the 76,800 support level holds or fails. If it stabilizes, you can continue to buy the dip and go long with dōtóu; set the stop loss at 76,300. If it breaks, follow the trend and go short, looking toward 75,500.$BTC #Strategy吸筹速度超挖矿两倍
BTC-0.48%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments