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7.22 Big Cake / Two-Cake morning thinking analysis
BTC is currently experiencing a choppy rebound that continues to stall; the heavy pressure range of 66,800–67,200 is difficult to break through in one go.
On the 4-hour chart, it spikes and then falls back; the bullish momentum keeps weakening, and the hourly chart has entered an overbought state. The rise lacks funding support.
Suggested trades: Big Cake, do a sell at around 66,200–66,500; target around 65,700–65,000.
Two-Cake, do a sell at around 1,950; targets are around 1,900–1,850.#BTC