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JasemiSister

7.25 Saturday 【Two Cakes】


Current price is oscillating around the 1860 level; the price action is highly correlated with the Big Cake, and its rebound strength is clearly weaker than the Big Cake.

The market lacks independent positive catalysts to drive the trend. Each time it makes a small rebound, sell pressure hits and suppresses it; on-chain funds continue to flow out, and long sentiment is sluggish.

On the daily timeframe, bullish volume keeps shrinking. As long as the Big Cake fails to break through resistance strongly, the Two Cakes are unlikely to break out into an independent upward trend. Overall, it maintains a weak-to-lower performance pattern.
Short around 1870-1890, target: around 1830-1800#直通IPO第二期JerseyMikes
BTC0.51%
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SequencerSentry
· 13h ago
Although the analysis makes sense, after a long period of consolidation it’s easy for the market to break out. If the big coin breaks through, the second coin may aggressively catch up. Remember to set stop-losses for short positions.
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WhaleTracker
· 13h ago
The short position at 1878 from last night is already making a small profit. Take a look first at 1830; when it reaches there, reduce the position. The rest is targeting 1800.
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CompoundFarmer
· 13h ago
It’s definitely troubling that funds keep flowing out, but at this level there’s limited downside room. If you really want to trade, wait until it’s below 1850 before considering buying the dip.
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CandleHealer
· 14h ago
They’ve been shouting bearish all day but it hasn’t dropped—it's just the market maker washing the order book back and forth. I’m planning to place a long at 1860, cut losses if it breaks below 1840, and the risk-reward ratio is still acceptable.
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