Friday Big Pie Outlook

Current Big Pie is trading around 79,700. After a pullback in the early morning, it has entered another range-bound consolidation area again. Resistance on the four-hour timeframe above remains clearly evident. After multiple tests, an effective breakout has not been achieved. Short-term long momentum is starting to weaken, and intraday it is more inclined to rebound and short as the main focus.

In terms of trading, watch the area around 80,200 and consider entering shorts in batches. Place the defense above 80,800.

On the downside, first look at the 78,500-78,000 zone. If there is further increased sell volume intraday, there is still the possibility that additional downside space opens up.

The current market pace is relatively slow, so it is not suitable to blindly chase trades. As long as the high level is not broken, rebound-and-short remains the main approach. Keep an eye on position sizing and patiently wait for the market sentiment to dissipate.
$BTC ‌#比特币跌破8万美元