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$BTC Thursday morning big-pancake (BTC) analysis
Yesterday, it jumped straight from 62900 to 61520 in 3 minutes, moving 500 points in one minute. This proves that the bearish approach was correct—there’s no doubt the trend is bearish, it just accelerated the downtrend.
From the 4-hour chart, after breaking below the Bollinger middle band, the pullback from the highs is clearly visible, and the bearish momentum is strengthening.
Trading idea: short around 62800-63200, with targets at 61700-61300