Tuesday Big-Cake Morning Trading Plan



After last night’s spike higher, it failed to continue. In the early morning, another attempt to probe the 80700 area was still suppressed, which shows that overhead selling pressure is still present. At the moment, price is being pulled back and forth around 80000, and upside momentum is clearly starting to weaken.

Structurally, the 4-hour trend hasn’t broken down yet, and the bullish setup is still intact. The issue is that after the rally there hasn’t been follow-through—there have been multiple upper wicks. This type of price action is more like a push higher for distribution rather than a strong, one-way surge. Therefore, don’t chase longs intraday; instead, consider shorts from higher levels as the safer option.

In terms of execution, keep focusing on the high zone. Enter shorts in batches in the 80200–80700 area, and first look for a pullback. Below, the key level to watch is around 78000.

If it plays out and hits the target zone but then doesn’t keep breaking downward, that indicates support below is still there. At that point, consider switching and getting back in on longs on the bounce—it’ll be a bit safer. $BTC #比特币现货交易量新低
BTC0.79%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
趋势阿特
· 05-05 01:41
Gendan🐧
3386
2818
65
View OriginalReply0
  • Pin