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Big Pie Midday Outlook
Intra-day price action remains range-bound with sideways consolidation. After the early session dipped to test the lows, it saw a repair and rebound. Resistance above remains strong, and bulls lack sufficient momentum to push upward through the break.
Overall, the larger trend is still weak. Don’t chase rallies. For the short term, treat it as a back-and-forth within the range. Wait for the price to rise into resistance and then take a light-position short-term look for a pullback. Consider setting up a long only after it revisits support and holds steady.
The chart is fluctuating frequently in both directions. Avoid frequent trading; control your own pace, and patiently wait for suitable entry levels. Keep position size light to avoid unnecessary losses.
Key Levels
Resistance: 62680
Support: 62090
Trading Plan
#BTC