7.31 Wang Ye big pancake strategy
Entry: Do in batches in the 65,000–65,500 range
Take-profit: Above 66,000
Target: 64,000–63,500
After three consecutive days of small bullish candles lifting prices, buy-side momentum gradually dries up. The 65,000 level is a dense daily-candle chip pressure zone; repeated attempts have failed to establish a stable hold, and upside volume continues to shrink. An early-stage bearish divergence on the 4-hour MACD has appeared, while the RSI is approaching the overbought area—technical pullback needs are gradually building up. On the macro side, the probability of the Fed raising rates in September is increasing. Rising US Treasury yields are suppressing risk-asset valuations. In addition, after a concentrated liquidation and clearing of shorts within the last 24 hours, fresh long positioning has been lackluster, pushing the market into a phase where it struggles to sustain gains. Before any breakout on low/insufficient volume, bounces under pressure are an opportunity to short. Test shorts in batches at higher levels, use a strict stop-loss to prevent being squeezed out, and don’t hold positions through adverse moves. $BTC #
Entry: Do in batches in the 65,000–65,500 range
Take-profit: Above 66,000
Target: 64,000–63,500
After three consecutive days of small bullish candles lifting prices, buy-side momentum gradually dries up. The 65,000 level is a dense daily-candle chip pressure zone; repeated attempts have failed to establish a stable hold, and upside volume continues to shrink. An early-stage bearish divergence on the 4-hour MACD has appeared, while the RSI is approaching the overbought area—technical pullback needs are gradually building up. On the macro side, the probability of the Fed raising rates in September is increasing. Rising US Treasury yields are suppressing risk-asset valuations. In addition, after a concentrated liquidation and clearing of shorts within the last 24 hours, fresh long positioning has been lackluster, pushing the market into a phase where it struggles to sustain gains. Before any breakout on low/insufficient volume, bounces under pressure are an opportunity to short. Test shorts in batches at higher levels, use a strict stop-loss to prevent being squeezed out, and don’t hold positions through adverse moves. $BTC #