4.9 Thursday Morning Big Coin Outlook

Yesterday, after a round of rally in the morning, Big Coin held steady in a high-range consolidation. It continued until the evening, when it probed higher for the second time but stopped around 729 and then quickly pulled back to 706. After a tug-of-war between bulls and bears in the early morning hours, the Big Coin price stabilized above 705.

From a short-term perspective, the current price action is moving within the high-range area. The short-term resistance is at 730, and the short-term support is 705-700. In the near term, there’s no upward continuation and no downside breakthrough. Therefore, for today’s Asian session, as long as this range has not been broken, short-term participation is sufficient.

Go long around 705 and 700, targeting the 720-730 area
Go short around 725 and 730, targeting the 710-700 area