In the early hours of 7/20, after spiking to 64869, it has been ranging and consolidating without a clear trend. The current position remains relatively high, and we are still maintaining our weekend view with CAKE as the core battleground. Last week, we perfectly closed out with a combined profit of around 10,000 + 420 points from 九涟盛合.



$BTC Mingyuan, 7/20 morning: CAKE around 65,000–65,500, looking at 64,000–63,100.

$ETH Mingyuan, 7/20 morning: at 1,890–1,915 on control, looking at 1,845–1,810.
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CryptoGrandpa
· 07-20 02:40
At this level, shorting feels a bit like going against the trend and trying to top, but based on the volume signals, it does look like there’s a need for a pullback—try it with a small position. Wait until it retraces to 64,000 before adding for a safer approach.
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BlackVelvetKeychain
· 07-20 02:11
Trading sideways over the weekend does make it easier to see a direction, and the 65,000 short logic is fine, but before breaking the previous high, you should withdraw in time—you can take profit in batches.
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BaseFeeOracle
· 07-20 00:24
Set the stop-loss for the short position at this level properly—don’t be greedy.
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