7.14 Chen Jie Big Cake Midday Analysis



The current net inflow is -$298 million. The outflow speed has narrowed compared with earlier in the day, indicating that the bearish selling-dump momentum has weakened. The CCI is -77.96%, suggesting that there is short-term sell pressure above. The bulls are currently in a consolidation accumulation and position-rotation stage.

The current Big Cake price is trading in a range around 62,630. From the 4-hour timeframe, after the coin price pulled back to the prior low of 61,806, it stopped falling and rebounded. It is now competing around the 4-hour MA7 (62,594) support. The overall bullish structure for a rising range has not been broken. This pullback is more likely to be a consolidation shakeout. For midday operations, it is recommended to continue placing long orders at lower prices following the trend.

Trading strategy
Go long around 61,800–62,400, and target 63,100–63,600–64,100; buy at 61,200#btc $BTC
BTC1.58%
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StableArbBot
· 07-14 08:59
This pullback after 61,806 didn’t break the previous low; the structure is still intact, and I’ve already placed a buy (long) at 62,400+
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RetroRadio
· 07-14 08:26
During the midday, the thinking was clear—going long on a dip is fine. The stop-loss set at 61,200 was also reasonable, and I followed through.
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Mint-FlavoredGasFee
· 07-14 08:26
Bought too many on 61800; wait for a rebound.
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SummerCoast
· 07-14 08:13
Bearish momentum is definitely fading, but the CCI ratio of -77% is still a bit scary; I’ll watch a bit longer.
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