8.4 Around 63,700 on the Large Pancake (big coin), Qingcang ting near; targets 63,000/62,200
If it fails to break support below 62,500, I’ll flip back and do more/expand positions. Today I expect it will likely just move in a range—chop back and forth and be done with it.
For the Large Pancake on the 1H chart: earlier there was a rapid drop from around 65,300. The low touched the 62,200 area, then it stopped falling and rebounded. Right now, the price is consolidating around 63,700.
In the short term, it has regained the moving-average zone. The strength of the bid/support at lower levels is still there, but the key resistance overhead is 64,000–64,500. Only after a breakout can there be further room to move.
On the news front, the market continues to wrestle between macro expectations and capital flows; geopolitical factors are being digested and diluted step by step.
BTC has been choppy repeatedly around the 63k area.
Trading for 9 years, having gone through multiple bull and bear cycles—especially in choppy, range-bound markets, it tests a trader’s patience and discipline the most.
Profits come from knowledge; risks come from greed.
Trend is king, discipline comes first. Align knowing with doing; restrain yourself and be cautious when alone. $BTC #BTC走势分析
If it fails to break support below 62,500, I’ll flip back and do more/expand positions. Today I expect it will likely just move in a range—chop back and forth and be done with it.
For the Large Pancake on the 1H chart: earlier there was a rapid drop from around 65,300. The low touched the 62,200 area, then it stopped falling and rebounded. Right now, the price is consolidating around 63,700.
In the short term, it has regained the moving-average zone. The strength of the bid/support at lower levels is still there, but the key resistance overhead is 64,000–64,500. Only after a breakout can there be further room to move.
On the news front, the market continues to wrestle between macro expectations and capital flows; geopolitical factors are being digested and diluted step by step.
BTC has been choppy repeatedly around the 63k area.
Trading for 9 years, having gone through multiple bull and bear cycles—especially in choppy, range-bound markets, it tests a trader’s patience and discipline the most.
Profits come from knowledge; risks come from greed.
Trend is king, discipline comes first. Align knowing with doing; restrain yourself and be cautious when alone. $BTC #BTC走势分析