The big pancake is currently trapped in the 777–763 channel range.
Yesterday, after a brief fake breakdown below 763, it was quickly pulled back within the channel; at dawn, after a brief fake breakout upward through the 777 resistance, it then fell back to the lower side.
Going up and down repeatedly, like a needle being inserted back and forth, without a clear direction—honestly, there isn’t much opportunity worth taking action on such a sideways move.
It’s like a donkey pulling a millstone—turning endlessly in circles. As long as it hasn’t broken out of the range, it’s better to watch and do less.
There are two breakout conditions:
1. A volume-backed move that holds steady above 777 will trigger a rebound, with targets at the prior high zone of 787–796
2. A volume-backed breakdown below 763, and if the subsequent retest cannot reclaim, then it will test downward at 755–744
Trading plan:
Aggressive approach—wait for the right-side signal: only consider following if there is a volume-backed breakout above 777. If there’s a volume-backed breakdown below 763 and the retest lacks strength, then look for downside—make sure you set your stop-loss properly.
If the market doesn’t give a signal, just wait quietly. The worst for trend followers is rushing into a trade; impatience often leads to getting hurt.
$BTC $ETH #阿里巴巴港股募资102亿美元 #BTC突破7万大关
Yesterday, after a brief fake breakdown below 763, it was quickly pulled back within the channel; at dawn, after a brief fake breakout upward through the 777 resistance, it then fell back to the lower side.
Going up and down repeatedly, like a needle being inserted back and forth, without a clear direction—honestly, there isn’t much opportunity worth taking action on such a sideways move.
It’s like a donkey pulling a millstone—turning endlessly in circles. As long as it hasn’t broken out of the range, it’s better to watch and do less.
There are two breakout conditions:
1. A volume-backed move that holds steady above 777 will trigger a rebound, with targets at the prior high zone of 787–796
2. A volume-backed breakdown below 763, and if the subsequent retest cannot reclaim, then it will test downward at 755–744
Trading plan:
Aggressive approach—wait for the right-side signal: only consider following if there is a volume-backed breakout above 777. If there’s a volume-backed breakdown below 763 and the retest lacks strength, then look for downside—make sure you set your stop-loss properly.
If the market doesn’t give a signal, just wait quietly. The worst for trend followers is rushing into a trade; impatience often leads to getting hurt.
$BTC $ETH #阿里巴巴港股募资102亿美元 #BTC突破7万大关