Big Cake Morning Analysis (Short)

Last night, the big cake dipped to around 92,000 and entered a long position, closing at 96,000 for profit. Judging by the trend, there will likely be a pullback today with resistance at 98,000.

The weekend market is relatively sluggish, and a breakthrough at the 98,000 resistance level is estimated to occur on Monday. Currently, the fluctuation range is between 94,770 and 98,000, with trading volume significantly decreasing. The chance of a breakout upwards is low, as the 4-hour chart has not completed its downward trend yet. If it doesn't break the resistance level after the candlestick closes, it is highly likely to drop. The last bullish candlestick has a downward wick, and this one is a bearish candlestick, indicating a downward trend from the daily perspective.

Brothers, why not let’s go short for a wave.

Short between 96,600 and 98,000, targeting around 95,000. The stop-loss position doesn't need to be too thick; enter with a small position or low leverage.

Buckle up, the weekend ride is starting! $BTC