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3.15 Big Cake and Auntai Daily Trading Ideas
From the daily chart perspective, the bulls in recent days have been showing typical "small steps slow climbing," pushing up bit by bit. After the price broke through the Bollinger middle band, it has been moving between the middle and upper bands. The pace looks steady, but in reality, the explosive power of the upside attack is not strong. Although Friday's long wick briefly broke through the upper resistance level, the momentum looks fierce, but it's more just a probe without truly opening up the upper space.
The suppression around the previous 74000 level remains very obvious – this is the critical dividing line. As long as this position fails to break through, the structure easily forms a double top pattern. Once the double top is confirmed, the market will likely usher in a new round of accelerated decline, and the pullback magnitude will be substantial.
So don't be fooled by this slight rebound in front of you. The current major direction is still bearish. The rally in early trading is essentially more of a technical correction – a normal rebound after oversold conditions, without changing the overall downtrend momentum.
Personal Suggestions:
Big Cake: Enter around 71500-72200, target 70000 below, break below looking at 68000, long-term looking at 60000!
Auntai: Enter around 2100-2130, target 2060 below, break below looking at 1950, long-term looking at 1800!
$BTC $GT #Gate2月衍生品市场份额创新高 #AAVE换币风波