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7.17 Cake Pi trading ideas and operation suggestions
Core idea
The rebound lacks strength—go short with the trend. The current price of $1,875 has fallen below short-term support. Market sentiment shows “the bears are in control,” and the 24-hour decline is 2.37%, indicating bearish momentum is being released. The 1,900–1,920 range above has formed a strong resistance zone. If the price rebounds into this area and cannot effectively break through, it will be an ideal time to short. The overall trend is weak, so don’t blindly try to bottom—trade in line with the short-term downward trend.
Operation suggestions
Enter a short when the price rebounds to the 1,900–1,920 range. This zone is the lower edge of a prior consolidation platform plus a psychological integer level, and it has strong selling pressure.
Take-profit targets:
First target: 1,860
Second target: 1,810$BTC $ETH #PreIPOs第二期OpenAI认购