7.21 Chen Jie Big Pancake Midday Analysis

The capital flow is showing a strong inflow momentum, with net inflows surging to $674 million, and the main buying orders continue to aggressively accumulate. The bid-ask ratio has risen to -1.06%, and compared with earlier, the bulls’ ability to absorb and carry pending bid walls has clearly strengthened. The overhead resistance has been largely digested, making the capital-driven upward trend extremely evident.

Currently, the Big Pancake price is being pushed up to around 65,893. On the 4-hour timeframe, the Big Pancake has broken through the previous suppression and set a new high at 65,927, with a strong run of consecutive bullish candles lifting price higher. The moving average system shows a bullish alignment: MA7 (65,223) and MA30 (64,411) are quickly rising and spreading upward, and a step-like support ladder has formed below. The bullish structure is very solid. Even if there is a small pullback in the short term, it still offers excellent opportunities to add longs. For the midday session, the strategy firmly maintains a trend-following approach by positioning for longs on dips.

Trading Strategy
Go long near 65,000–65,600; watch 66,300–66,800–67,300; add on “sudden spike buy” near 64,300 #btc $BTC