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Brother Liu's 7.10 Morning Strategy Analysis for Big Cake and Second Cake
From the 1-hour K-line cycle, it can be clearly seen that the resistance level at 63500 has been repeatedly tested by the price but has failed to break upward effectively. After this round of price decline ended, the market has not seen a strong technical repair rebound. At this stage, the bulls do not have the basic conditions to stabilize and counterattack. Based on the multi-cycle trend judgment, today's operation thinking is to prioritize waiting for a price rebound and then follow the trend to short.
Operation Thinking
Big Cake
After rising to the 63500-64000 range, you can enter short in batches, with the first target at 62800 and the extended downward target at 62000
Second Cake
Rebound to the 1760-1800 range and enter short in batches, with the first target at 1720 and the further downside target at 1690$BTC