7.6 Jinglu Big Cake Morning Brief

The early-morning session saw Big Cake quickly surge on short-term trading, topping out at the high of 63990.7, before quickly running into resistance and pulling back. During the surge, short-term bulls exerted themselves all at once, with serious momentum overspending. On the 15-minute timeframe, the upper Bollinger Band formed a hard suppression; after the price spiked higher and then fell back, it broke below the short-term moving averages. The KDJ indicator turned downward from a high level, and the overbought condition is gradually fading. This round of upswing is a short-term impulse move—overhead highs and resistance are solid and firmly stable, and the short-term momentum to chase higher is clearly drying up. After the price surged, sell pressure was gradually released; the strength of subsequent minor rebounds is limited. In the short term, the market’s center of gravity slowly shifts downward. Overall, the market enters a phase of high-level pressure consolidation, and the trend of short-term price pullback under pressure becomes increasingly evident.

Trading Suggestion
Short at 65000-66000
Target range 61000-60500$BTC $HYPER $SPCX #ETH突破1700 #TradFiCFD黄金大师赛 #Anthropic洽谈三星定制AI芯片