7.22 Chen Jie Big Biscuit Evening Analysis

Evening data shows that net capital inflow turned from negative to positive, recording $4.5569 million, indicating that funds are starting to flow back in again. What stands out particularly is that the order book ratio is as high as +92.57%, showing a very strong bullish limit-order advantage; the main bid support/pushing strategy to build a base is very clear, and the buy orders below provide unusually thick support.

At present, the Big Biscuit price is trading around 65,942. From the 4-hour timeframe, after the coin price pulled back to and tested today’s low of 65,668, it stabilized and rebounded, with consecutive bullish candles that have lower wicks. Although the short-term is being pressured by the MA7 moving average (66,261), the MA30 “lifeline” (64,996) below remains upwardly diverging; overall, the larger bullish rising channel is still very intact. The intraday pullback effectively washed out profit-taking positions from higher levels, so the evening trading plan is firm: go long on dips in line with the trend.

Trading Strategy
Go long around 65,200-65,900; aim for 66,550-67,050-67,550; buy at 64,500 #btc $BTC