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Thursday Morning Big-Pancake (BTC) Outlook
After yesterday’s surge, it entered a high-level range-bound consolidation. In the evening, it probed 728-729 but failed to break through, then pulled back to around 706. It is currently stabilizing above 705 and still remains in a high-range consolidation.
Short-term structure: Resistance at 728-735, support at 705-698.
For intraday trading: Longs—buy in batches on dips from 705-698; target 720-728; stop loss below 695. Shorts—when pressured at 725-730, sell in batches on rallies; target 710-700; stop loss above 735.
The market is mainly characterized by oscillation—rhythm matters more than direction. Control position size and move quickly in and out.
Real-time price is approximately 70700-71200, suitable for range trading.
$BTC
#Gate广场四月发帖挑战
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Feel free to bring others along, as a favor to yourself during difficult times. No need for any return, provided that: once you hit back, please don't touch it again.