7.8 Noon Big Cake Posture Analysis and Trading Suggestions



In the morning, the market saw a downward wick, briefly breaking below the 63000 level before quickly reclaiming it. Currently, it is maintaining a sideways consolidation near 63000, with its “posture” holding around 1750.

On the hourly timeframe, the Big Cake touched the lower Bollinger Band and then rebounded quickly, indicating strong support from buyers below. At present, the contest between bulls and bears is intense, and the price is overall in the mid-to-lower zone. Overall, the major direction still remains bullish from low levels. If the 63000 support can be effectively held, there should still be further upside room. It is expected that the daytime “white plate” will see a pullback and adjustment; it is recommended to wait patiently and, relying on support levels, continue looking for low-level long opportunities.

**Trading Strategy**

Go long on the Big Cake around 62600-62400, with a target around 64000-64500.

Go long on the “posture” around 1720-1740, with a target around 1830-1850 #比特币 $BTC $ETH
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Re-StakingSucculents
· 07-08 07:01
Hourly rebound strength is okay, but it will probably grind during the day, patiently wait for around 62400 before acting.
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OffshoreWindOrder
· 07-08 05:01
The 1750 position is indeed awkward, neither here nor there, but placing an order in the 1720-1740 range should catch it. The 1850 target is actually a bit conservative.
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PerpNightwatch
· 07-08 04:37
If 63000 holds, it's an opportunity; wait for a pullback to go long.
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