Big Pie Morning Analysis (Short)
Big Pie dipped to around 92,000 last night and took a long position at 96,000 for profit. Looking at the trend, there will likely be another pullback today with the upper resistance at 98,000.
The weekend market has been relatively sluggish, and breaking through the 98,000 resistance is probably only possible on Monday. Currently, the oscillation range is between 94,770 and 98,000, with trading volume significantly reduced, making the chances of an upward breakout low. The 4-hour chart has not completed its downward trend yet; if it doesn't break the resistance after closing, it's highly likely to fall. The previous bullish candle has a downward spike, while this one is a bearish candle, indicating a downward trend from the daily chart as well.
Brothers, why not let’s short this wave.
Short between 96,600 and 98,000, targeting around 95,000. The stop-loss can be kept tight, enter with a small position or use low leverage.
Buckle up, the weekend ride is starting now. $BTC