Brother Liu’s Strategy Analysis for Big Cake and Second Cake (July 8, Afternoon)



Morning expectations for the market once again played out perfectly. The price action matched expectations to the letter. After Big Cake pushed up to 64000, it kept coming under pressure and pulled back. The US dollar index strengthened during the day and continued to weigh on the crypto market. On the chart, selling-side momentum has the upper hand, and in the short term the overall pattern remains weak and trends downward.

Big Cake Trading Plan

Set shorts/short orders in the 63600-64000 range on a bounce. The first target is support around 62200. If support breaks effectively, follow through and look toward the 62000 level. Downward space below will further open as selling continues.

Second Cake Trading Plan

On a rebound, short in batches within the 1775-1805 range. The short-term target first looks at 1720. If it breaks further down, you can look at the 1690 lower-range area.
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