7.16 Chen Jie Big Pie Evening Analysis

At present, the net inflow funds into the Big Pie are still staying at $263 million, and the main participants have not shown any panic-like capital outflow. The CCI is as high as +61.27%, indicating that the buy orders hanging lower are extremely strong. During pullbacks, the main participants are actively placing left-side buy support, which provides a solid funding base for the evening stabilization and rebound.

Currently, the Big Pie is trading around 64,142. On the 4-hour timeframe, after the price surged up to 65,589, it then pulled back deeply. Although in the short term it fell below the MA7 (64,669), it precisely found support and stabilized around the MA30 (63,875). After testing the intraday low of 63,843, it quickly rebounded. The oscillating upward channel in the larger structure has not been broken. This pullback is a healthy shakeout to clean out unstable high-position positions. For the evening, the plan is to stay firm, follow the trend, and go long on dips.

Trading Strategy
Go long around 63,500-64,100, targeting 64,800-65,300-65,800, buy the dip at 62,900 #btc $BTC