7.9 Early Morning Big Cake / Posture Analysis



For the Big Cake, it has been printing weak bearish candlesticks for four consecutive hours. Yesterday afternoon’s trading volume also increased in sync, indicating that the downside momentum is sufficient. The MACD indicator is operating below the zero axis, and the death cross continues to diverge, leaving a clearly bearish setup.

In terms of execution:
Big Cake: set up short positions within the 62500-62700 range, with targets at 61000 and 60000;
Second Cake: set up short positions within the 1730-1750 range, with targets at 1650-1600.

Notes:
The analysis above is Muyao’s personal analysis. The market can change in an instant. This content is for reference only and does not constitute any investment advice!
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PerpMoodSwing
· 7h ago
The MACD death cross divergence does look ugly, and this round of positions was placed a bit aggressively.
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PaperhandsPoet
· 7h ago
Mu Yao's analysis is clear, but the phrase "the market is changing rapidly" is truly a ten-thousand-year amulet😂
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OrigamiMountainsAndRivers
· 7h ago
The short position range is quite detailed, I followed it, hope the wick doesn't liquidate me.
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WaitingForConfirmationUnderThe
· 7h ago
Short at 1730? ETH has been quite volatile lately, better set a wider stop loss.
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ForgotEverythingAfterMinting
· 9h ago
Four-hour weak candlestick + decline with volume, bearish trend is fine, but can the 61000 target be reached?
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