7.22 Chen Jie Big Cake Midday Analysis

After the market pushed up to 66,924, some traders took profits and sold, triggering a pullback. Net inflows have slowed compared with earlier in the day, but there are no signs that the main large funds have massively exited. Below, the dense resting order area around the 65,000–65,500 level shows strong willingness to hold and support; even during the pullback, the on-market buy-side still retains solid “left-side” support.

At present, the Big Cake price has fallen to around 65,838. From the 4-hour timeframe, after the coin price surged to 66,924, it has entered a technical retracement. In the short term, price has dipped below the MA7 (66,298), but the MA30 “lifeline” (64,909) continues to fan upward, forming a core support zone. This round of pullback is a healthy shakeout and accumulation during a bullish upswing; the overall bullish structure has not been broken. For the midday outlook, the plan remains firm: go long on dips.

Trading Strategy
Go long around 65,000–65,700, target 66,350–66,850–67,350, buy the dip 64,300 #btc $BTC