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Big Cake (BTC) Morning Outlook
After price faced pressure from the recent high and then continued to fall, the Bollinger Bands opened downward overall, with the peak steadily shifting lower. Bears dominate the market rhythm. After probing the lows, there was a small rebound for repair, but the rebound strength is weak. The overall downtrend structure has not changed.
After a short-term oversold move, the market saw a modest consolidation. Don’t rush to chase rallies or buy the dip. Resistance from the moving averages above is still obvious. If the rebound keeps meeting obstacles, following the trend remains the preferred approach for positioning. Throughout, keep risk control with light exposure, avoid short-term whipsaw fluctuations, and wait until the support below is clearly confirmed and stabilizes before switching the trading mindset.
Trading Suggestions
Big Cake (BTC): 64,500-65,000 Tks, target 63,500, break above to look at 62,800
Second Cake (ETH): 1,900-1,930 Tks, target 1,860, break above to look at 1,800#BTC #ETH