Big cake’s open trading thoughts for today:

At the moment, the 78,453 area has been dumped from a high level. The swing highs keep getting lower and lower, and the bulls can’t push through at all.

1: The resistance zone is pinned at 77,000–77,200. Every time the price rebounds up to here, it gets pressed back down—this is a typical bearish continuation.

2: The price is currently ranging around 76,600. This is a “pause period” in the middle of a decline, with a higher probability that it will continue downward.

3: Once it breaks below 76,500, it is likely to directly move to test the prior low at 76,000, and potentially even lower.

The short-term plan is simple: when a rebound hits the resistance zone, that’s a chance to go short. Set the stop-loss above 77,500, and the first target is the prior low at 76,000.
$BTC #30年期美债收益率突破5%