4.7 Morning Big Cake (Bitcoin) Analysis



At this stage, there is a significant divergence between bulls and bears on the order book. Price remains in a range-bound consolidation pattern. The bulls have repeatedly tried to probe higher, but sustained sell pressure above continues to form a ceiling and exert pressure.
Currently at the midpoint of the range, if an effective breakout cannot be achieved, it is likely that the market will continue with a consolidating and ranging trend; it is not advisable to chase highs excessively.

For intraday operations, the approach can focus on setting up long positions after a pullback followed by stabilization.
You must strictly control your entry and exit levels, and do a good job of position risk control and fund management.
At the same time, you should closely monitor developments in the market news, and be alert to sudden information that could break the current consolidation pattern.
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