Next week’s Bitcoin-Pattern “Big Pancake” thoughts
The current price of Big Pancake is around 63,100. On the chart, it’s clearly visible: after a round of decline, it entered a sideways consolidation. The buy-side above lacks strength, while dips still see short-term support. As a result, it’s a continuous range-bound chop with no one-way trend.
In a range-bound market, don’t chase large profits. When price rebounds to the resistance level, short it; when it pulls back to the support level, wait and observe. Accumulate returns steadily. Don’t open positions casually if the price hasn’t reached the planned levels—frequent trading will keep eroding profits.
Inflation pressure still exists. Market sentiment is cautious, and capital is waiting for key economic data to provide direction.
If the inflation data comes in above expectations, rate-cut expectations will cool down, and the market will most likely break out of the current range and continue downward.
If it’s hard to grasp the rhythm of the chop, reduce the number of new orders—wait for the data to land, then participate in the trend by following the move.
Trading plan: Big Pancake—short in batches at 64,000 and 65,000. First target 62,000, second target 61,000. If it breaks down, look for below 60,000.
Ethereum—short in batches at 1,920 and 1,980. First target 1,840, second target 1,800. If it breaks down, look toward below 1,750.
#标普500财报超预期 #SEC审查6只3倍杠杆商品ETF $BTC $ETH
The current price of Big Pancake is around 63,100. On the chart, it’s clearly visible: after a round of decline, it entered a sideways consolidation. The buy-side above lacks strength, while dips still see short-term support. As a result, it’s a continuous range-bound chop with no one-way trend.
In a range-bound market, don’t chase large profits. When price rebounds to the resistance level, short it; when it pulls back to the support level, wait and observe. Accumulate returns steadily. Don’t open positions casually if the price hasn’t reached the planned levels—frequent trading will keep eroding profits.
Inflation pressure still exists. Market sentiment is cautious, and capital is waiting for key economic data to provide direction.
If the inflation data comes in above expectations, rate-cut expectations will cool down, and the market will most likely break out of the current range and continue downward.
If it’s hard to grasp the rhythm of the chop, reduce the number of new orders—wait for the data to land, then participate in the trend by following the move.
Trading plan: Big Pancake—short in batches at 64,000 and 65,000. First target 62,000, second target 61,000. If it breaks down, look for below 60,000.
Ethereum—short in batches at 1,920 and 1,980. First target 1,840, second target 1,800. If it breaks down, look toward below 1,750.
#标普500财报超预期 #SEC审查6只3倍杠杆商品ETF $BTC $ETH