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July 13 Jingwen: Big Cake (BTC) thoughts and plan
The current market is showing a clear bearish pressure during high-level consolidation. The 65,000 level has been repeatedly suppressed, and the bulls have attempted to rally multiple times but failed to break through effectively. On the 4-hour timeframe, MACD has been continuously running below the waterline; overall market momentum is weak. In the short term, there is no condition for a one-way major surge. For today, priority is placed on rebound and selling into strength.
Key support below is concentrated in the 61,850–61,350 range. If the price pulls back to this support band and stabilizes, you can consider going long for a low-level rebound.
Trading reference:
Short: Enter near 64,500 on a rebound. Target 63,500. If there is an effective breakdown, hold for a move toward 62,000.
Long: Buy on a dip near 61,350. Target 63,000. If there is a strong breakout, look up to 64,500$BTC #LAB两日腰斩53%