The Big Cake continues to face pressure and trends downward. Multiple rebounds have repeatedly failed to break above overhead resistance, and the swing highs keep moving lower. Bullish momentum on the board continues to run out—each round of rebound draws a large amount of sell pressure to surge out, and the downtrend has already clearly formed. All indicators are weakening in sync; in the short term, it is difficult to build a strong reversal. Bears are in absolute control, and it is the prevailing trend for the market to continue falling to probe support.

Trading recommendation
Sell short at 64,000-64,500
Target range 61,000-60,500$BTC #USDT充值理财双重奏 #ETH站稳1900美元

BTC-2.48%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
5
Repost
Share

Comment

Add a comment

LeverageEcho

· 2h ago

From a technical perspective, the recent high is moving lower + the longs are exhausted, so it’s reasonable that the bears are in control. However, the target of 61,000 is a bit far—there will definitely be a rebound in the middle. Consider taking profits in batches.

View OriginalReply0

BreakoutTrader

· 2h ago

Shorting now is following the trend, but if you enter in the 64,000–64,500 range, be careful—what if there’s a sudden false breakout that instantly triggers your stop-loss?

View OriginalReply0

AllInJustice

· 2h ago

BTC’s price action is really torturous—every rebound feels like it’s pulling a fast one. Shorting is definitely more stable than going long, but don’t stubbornly hold the position through the order risk.

View OriginalReply0

MorphoMaven

· 3h ago

Bro, how are you so sure it will reach 61,000? I feel like 60,000 is a major integer-level support/resistance zone—there may be some sideways movement for a couple of days before it drops. Don’t be too aggressive with the short; keeping a light position is best.

View OriginalReply0

CandleAfterTheRain

· 3h ago

The bearish trend is clear. This round should be able to see 61,000, but make sure you set your stop-loss properly.

View OriginalReply0

Trending Topics
View More
#
PreIPOsSeason2OpenAISubscription
1.31M Popularity
#
CXMTPreIPOContractIgnitesCommunity
82.31K Popularity
#
TSMCQ2NetProfitSurges77%
214.66K Popularity
#
SummerCreationCamp
936.47K Popularity
#
USDTDepositEarningsDoublePlay
29.15M Popularity

Pinned

Sitemap

7.17 Jinglu early-morning Big Cake quick review

Trending Topics

PreIPOsSeason2OpenAISubscription

CXMTPreIPOContractIgnitesCommunity

TSMCQ2NetProfitSurges77%

SummerCreationCamp

USDTDepositEarningsDoublePlay

Pinned