7.17 Chen Jie Big Pancake Morning Analysis

The fund flow data shows that, at present, BTC net inflow is -$285 million. At the highs there is some capital outflow accompanied by panic orders flooding in. But the core key is that, regardless of the market move, the order book imbalance on the chart remains at +48.87%, indicating that large buy orders resting below are still deeply positioned. The main capital is actively accumulating on the left side at lower levels during pullbacks, with extremely strong support and follow-through.

BTC is currently trading around 64,019. On the 4-hour timeframe, the price spikes up and then pulls back; after the low at 63,580 it quickly rebounds. The current candlestick is being precisely supported by the MA30 “lifeline” (63,889). Although in the short term it is showing weak consolidation, hovering below the MA7 moving average (64,248), in terms of the overall structure the upward consolidation channel since 57,758 has not been broken. This pullback is an excellent stage for building a base and gathering strength, so the morning action plan is firm: go long on dips and position at lower prices in line with the trend.

Trading Strategy
Go long around 63,200-64,000; target 64,600-65,100-65,600; buy at 62,600 #btc $BTC