7.27 日 Big Cake (BTC)

In the early session, Big Cake (BTC) saw a modest rebound, but the upward momentum was seriously lacking; the price repeatedly tested the overhead resistance, yet failed to break through effectively.

From the chart, it is clearly evident that the bulls have continued to lack incremental capital to enter the market; the rebound is more of a technical correction.
Coupled with the risk-averse sentiment brought by the geopolitical situation, risk assets are under pressure, so the room for a short-term rebound is limited.

On the four-hour timeframe, the recent highs are gradually shifting downward; the bears still dominate in the short term. The main plan is to place short orders following the trend, relying on resistance.

Entry range: short around 65,700—66,200

First target: 64,500; second target: 64,000#夏日创作营