6.4 Evening Big Cake Market Outlook 🍜 Poetry and Fate’s Perspective


Breaks below 63,000! Has the big cake bearish trend not changed?!
The big cake has been in a one-way decline, falling from 74,293 to 62,583, with bears dominating. The MACD has deeply crossed below the zero line and the green histogram bars have widened; rebounds lack strength, moving averages are clearly suppressing price, and market sentiment is bearish.
The current bearish trend is clear, mainly shorting on rallies.

Support levels: 63,500 - 64,000
Resistance levels: 61,500 - 62,000
Trading advice: Focus on going long on dips; do not chase shorts.
1. On a rebound to 63,500 - 64,000, lightly open shorts to test, stop loss at 64,200+, target 62,000 - 61,500;
2. If it breaks below 62,000 with increased volume, chase shorts, stop loss at 62,500+, target around 61,000;
3. For a rebound play, wait for a stabilization signal at 61,500, and strictly control stop losses. $BTC $ETH $GT
BTC-4.49%
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