7.8 Early Morning Big BTC



Last night, the buy orders directly kicked in with full force, and the price surged straight up in a one-way move. The upward rally was especially strong.

Now it has already pushed up to a high level and can’t move higher anymore. The candlestick still has a long upper wick, indicating heavy sell pressure above. With a rise this sudden, a pullback is next to give it some breathing room. The indicators have already been pushed into severe overbought territory—chasing in right now is easy to get caught.

Short around 64000-64500, targets 62500 and 61500.
$BTC $HYPE $LAB #Strategy上周减持3588枚BTC
BTC-0.95%
HYPE-4.07%
LAB-56.40%
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BlueberryStakingMachine
· 7h ago
Yesterday I pulled too hard, the car was too heavy, I have to throw someone off.
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CancelingOrdersIsLikeBreathing
· 8h ago
Indicators overbought + heavy selling pressure, correction script is ready.
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OwlChainViewer
· 8h ago
Long upper shadows are indeed scary. The brothers who chased the high this time are going to suffer.
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0xCaffeine
· 8h ago
64000 short, what stop loss level to set?
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