7.15 Chen Jie Big Pancake Evening Analysis

In the evening, the big pancake’s net capital inflow has already reached $594 million, and the long-side main force sweep-down power is extremely strong. The order book ratio has surged to a ridiculous +99.35%, indicating that the buy orders below show an overwhelming advantage. The main funds are lifting the tray and the willingness to chase higher are extremely strong, providing ample funding support for the longs to continue driving upward.

At present, the big pancake price is hovering around 64,768.8. From the 4-hour timeframe, the big pancake has strongly broken through prior resistance with increased volume, with the highest reaching 65,260.0. It is currently in strong consolidation at the high level above. The moving average system MA7 (64,450.4) and MA30 (63,760.3) form a golden cross with a bullish upward divergence, and support remains solid during short-term pullbacks. Although there is some long profit-taking at high levels, the consolidation structure is very healthy. For the evening, the approach is firm and to follow the trend by buying the dips.

Trading Strategy
Go long around 63,900-64,500. At 65,200-65,700-66,200, buy the dip at 63,200 #btc $BTC