5.1 Big Cake (BTC) Thinking



At the daily timeframe, after three consecutive bearish candles, Big Cake (BTC) saw a technical pullback followed by a rebound, with the overall move strongly supported by the Bollinger Bands’ middle band. Going forward, the key focus is whether the 75,500-76,000 range stabilizes; if the price retests without breaking below it, there is still room for the upward trend to continue.

On the 4-hour timeframe, the price trades in a range around the middle to lower Bollinger Bands. The KDJ and MACD both simultaneously form a golden cross, and the lower Bollinger Band turns upward, significantly compressing the downside space. Once stabilization is confirmed, the price is highly likely to break through the middle band and return to the upward channel.

In terms of execution, rely on the area above the lower band of the Bollinger Bands, mainly using a low-buy (long) strategy. Wait patiently for a safe signal at the pullback support level, then follow through in line with the trend.

For Big Cake, it is recommended to go long in the 75,500-76,000 range, with a stop loss at 75,000. For short-term targets, watch around 77,500. If it breaks out, look higher toward 78,500.
BTC1.68%
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