Big cake is really fierce—#BTC in one day it also pulled up another 5,000 points. Right now it’s topping around 80,000 but can’t get knocked down yet. For the short at 77,100, the ones that were cut near 78,300 are doing okay; otherwise you’d get stuck. But even if it hasn’t broken through 78,000, it will still be a squeeze.
Right now, above the big cake, watch the resistance levels at 81,500, 82,500, and 83,000—these are the key spots. If it doesn’t break 83,000, there’s no need to be too afraid. Tonight, if it retraces and keeps failing to break 80,000, it may continue pushing higher for another attempt. It all depends on where it pushes to. Personally, I feel tonight there’s a possibility of a 82,000 wick/poke up and then a retracement.
Right now, above the big cake, watch the resistance levels at 81,500, 82,500, and 83,000—these are the key spots. If it doesn’t break 83,000, there’s no need to be too afraid. Tonight, if it retraces and keeps failing to break 80,000, it may continue pushing higher for another attempt. It all depends on where it pushes to. Personally, I feel tonight there’s a possibility of a 82,000 wick/poke up and then a retracement.
