The big pancake bounced yesterday, reaching a high around 79,200, then slowly started to pull back. In the morning today (#BTC ), the lowest pullback reached 78,150, but it didn’t go lower—then it rebounded. The price has now once again pushed up to around 79,200 but hasn’t broken through; it’s been making small pullbacks. On the 1-hour timeframe, the low point has already been moving upward. Down below are 76,900, 77,600, and 78,200. As long as the pullback holds and stabilizes above 78,000, then a renewed push toward 80,000 is just a matter of time.
Today, the big pancake’s monthly line just closed in the early morning—a strong bullish long candle closed at 78,500. The monthly line has added nearly 20,000 points. Normally, even without much effort, this month can easily push further up to 83,000–85,000; it mainly depends on how deep the pullback goes.
The big pancake’s short position was placed at 79,268, but it didn’t get filled; it then slowly came down. However, this short position will be canceled for now. The price above has already pulled back. If/when re-entering at a new position, the location may be different.
Today, the big pancake’s monthly line just closed in the early morning—a strong bullish long candle closed at 78,500. The monthly line has added nearly 20,000 points. Normally, even without much effort, this month can easily push further up to 83,000–85,000; it mainly depends on how deep the pullback goes.
The big pancake’s short position was placed at 79,268, but it didn’t get filled; it then slowly came down. However, this short position will be canceled for now. The price above has already pulled back. If/when re-entering at a new position, the location may be different.
