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Tongge’s 7.24 BTC playbook
Enter the pocket around $BTC 656-661, stop at 666 for the low, first target 645, second target 635.
Current price is 650, no more pretending on the order book.
Yesterday, Tongge just said 670 is a solid piece of iron plate, and looking back today, the rebound high at 66924 has been confirmed dead solid—once it got touched, it immediately went limp.
The big-trend pocket head skeleton simply hasn’t dispersed.
Now the 4-hour and 1-hour are already starting to resonate and weaken; the smaller timeframes have collectively flipped faces. What is this called? This is called “taking everyone out,” going both ways.
Don’t see that this big bearish candle has fallen and think you can bottom-fish for a rebound. Remember: at this resonance-downturn node, any rebound is a lure, a fishhook dressed in sugar. The market hasn’t dumped through yet. Traders trapped at the top can’t get out—when it’s pulled up now, it’s either stupidity or malice.
Trade with the trend to the downside; don’t go catch that throwing knife from mid-slope. Once this step is firmly planted, we’ll talk about the next move.