$BTC

Big Cake Analysis

Brothers, have you shorted it?

The big cake has entered a phase of slow decline, but after dropping about a thousand points from the highest point, it has stabilized again, attempting to break through 97800 three times, all ending in failure.

It gives the impression that the support level below is very strong, while the upward momentum is insufficient, with pressure directly applied above.

It is possible that it will drop and break 9.78, falling to 9.73, and then rising again, but from a larger trend perspective, the big cake cannot drop all the way down at once.

If it cannot break through 9.78, it is highly likely to continue rising, even breaking 9.9. It is recommended to take a suitable position to go long, waiting for the big cake to pull back, then quickly reverse to short.

Resistance level 9.89

Support levels 9.78 9.73 9.64

Keep a close watch on the market and be patient with your positions. If you lack patience and perspective, you really are not suited for the crypto world; you can only be played by the market makers.

I will update the levels article irregularly every day. Brothers who like it can hit follow and like.