Amid BlackRock going on a buying spree, Big Cake was already struggling to hold up. But yesterday it moved back and forth from 776 to 788.
As for the next few days’ outlook, Big Cake needs to complete a pullback and build up energy. The timeframe is roughly today and tomorrow. The pullback range is 770–765. By the weekend, we should see choppy-to-up movement to complete the “charging” from the rise. Then next week, it should break through the previous high at 812, continue higher to complete the upward push, forming a fact-based uptrend. Ideally, it would surge enough to break through that 828 level as well—making the case even more convincing. That’s about around early September. Then we should see a daily-chart-level pullback.
Reviewing yesterday’s levels, the places I looked at were still fairly accurate. The predicted range was 780–777. Big Cake reached 776, and during the interview it went back up to 788. The 788–790 area is a support/boost zone. Not breaking through further and coming back down is normal. First take a short; once it falls, then come back for a long.
$BTC
@Richard Teng @CZ @Yi He
As for the next few days’ outlook, Big Cake needs to complete a pullback and build up energy. The timeframe is roughly today and tomorrow. The pullback range is 770–765. By the weekend, we should see choppy-to-up movement to complete the “charging” from the rise. Then next week, it should break through the previous high at 812, continue higher to complete the upward push, forming a fact-based uptrend. Ideally, it would surge enough to break through that 828 level as well—making the case even more convincing. That’s about around early September. Then we should see a daily-chart-level pullback.
Reviewing yesterday’s levels, the places I looked at were still fairly accurate. The predicted range was 780–777. Big Cake reached 776, and during the interview it went back up to 788. The 788–790 area is a support/boost zone. Not breaking through further and coming back down is normal. First take a short; once it falls, then come back for a long.
$BTC
@Richard Teng @CZ @Yi He
