7.18 Chen Jie Big Pie Midday Analysis

The data shows that the current net inflow of the Big Pie is -$47.71 million. Compared with the outflows in the previous two days that ran into the hundreds of millions, this has sharply narrowed, and the selling-pressure momentum from the shorts is in an exhausted stage. Although the CBI ratio is -70.42%, indicating that there is stage-by-stage order stacking suppression above, the coin price rebounded against the trend by +1.69%, which indicates that the buy-side inside the market that actively takes orders is extremely strong, and the main capital is accelerating in accumulating and absorbing at low levels.

At present, the Big Pie price is trading around 63,970. On the 4-hour timeframe, after the price pulled back to the strong support at 62,505, it stopped falling and stabilized, then broke out into a strong V-shaped reversal and rally. It surged with increased volume, successfully broke through, and reclaimed the dual moving-average resistance at MA7 (63,642) and MA30 (63,867). The prior bearish drifting correction structure has been disrupted. The candlestick bodies have returned above the moving-average system, establishing a short-term reversal signal of flipping from bearish to bullish. The midday bias is firm—follow the trend and go long on dips.

Trading Strategy
Go long near 63,200-63,800, target 64,500-65,000-65,500; buy the dip at 62,500 #btc $BTC