7.16 Chen Jie Big Pie Morning Analysis

The capital flow performance is extremely impressive. The net inflow of big pie funds is still maintained at a high level of $408 million, and the long-side main force’s stance remains resolute. The bid-ask ratio on the order book is as high as +91.32%, showing an overwhelming long-dominant advantage in limit orders, which indicates that the buy-side’s ability to absorb orders below is very strong. The main force’s intention to accumulate positions by propping up on pullbacks is clearly evident.

At present, the big pie price is moving around 64,576.9. On the 4-hour timeframe, after the coin price surged to 65,589.7, a normal technical pullback occurred. Although in the short term it has fallen below the MA7 line (64,803.8), the overall upward long-dominant large structure has not been shaken. The MA30 “lifeline” below (63,873.7) provides core support. This pullback and buildup of momentum is a healthy shakeout while the price is rising. For morning operations, the approach is firm: follow the trend and look to enter long positions at lower levels.

Trading Strategy
Go long near 63,800-64,400; target 65,100-65,600-66,100, bamboo 63,1007.16 Chen Jie Big Pie Morning Analysis

The capital flow performance is extremely impressive. The net inflow of big pie funds is still maintained at a high level of $408 million, and the long-side main force’s stance remains resolute. The bid-ask ratio on the order book is as high as +91.32%, showing an overwhelming long-dominant advantage in limit orders, which indicates that the buy-side’s ability to absorb orders below is very strong. The main force’s intention to accumulate positions by propping up on pullbacks is clearly evident.

At present, the big pie price is moving around 64,576.9. On the 4-hour timeframe, after the coin price surged to 65,589.7, a normal technical pullback occurred. Although in the short term it has fallen below the MA7 line (64,803.8), the overall upward long-dominant large structure has not been shaken. The MA30 “lifeline” below (63,873.7) provides core support. This pullback and buildup of momentum is a healthy shakeout while the price is rising. For morning operations, the approach is firm: follow the trend and look to enter long positions at lower levels.

Trading Strategy
Go long near 63,800-64,400; target 65,100-65,600-66,100, bamboo 63,100#btc $BTC