7.28 Jack Morning Big-Pancake Analysis and Strategy

In the early stage, the market continued to rise along the upward trend line, reaching a high of 65722. After touching the peak, the upward momentum gradually weakened; the price lacked the strength to break higher, and the support of the trend line was declared lost.
Multiple moving averages shifted from support to resistance. The market officially entered a downward channel, with rebound highs continuing to step down lower. The bearish trend was gradually established. The price kept sliding downward; after briefly stabilizing at the low of 63021, it is currently around 63205, in a minor consolidation phase following a big drop.
For the next phase, focus on two key areas: the low-point support around 63021. If this support is lost again, further downside room will open up; the moving-average zone overhead forms strong resistance. To reverse the current weakness, the price needs to reclaim above the moving averages.
At this stage, it is only short-term repair after the selloff. Don’t rush to bottom-fish for a rebound. Wait patiently for the chart to give a clear stop-fall signal before making a judgment.
Strategy
Trade recommendation: go long at the current price
Trading range: 62500-63000
Defensive stop loss: 61500
Ziying in stages
1️⃣ Ziying: 64000
2️⃣ Ziying: 64800#大饼 #比特