Today’s Big Cake Analysis

BTC has shown a classic “top-falling and pullback” pattern: the price briefly surged to the vicinity of the upper band, topping out at 69583.0, then followed by consecutive bearish closes and a drop. It has now fallen below the BOLL middle band, forming a “opening converging after expansion + turning at high levels” pattern. Bullish momentum has completely dissipated, and bears dominate the market in the short term—this is the core premise for shorting. The opening has shifted from expansion to contraction, indicating that the earlier upward momentum has been exhausted and the market has entered a pullback cycle.

The timing to enter can be when the price rebounds to the 68800-69000 range. When stagnation signals appear—such as long upper wicks and small bearish candles—attempt a short position with a light position size. The first target is around the 68200 middle band. Take profit in batches of 50% to lock in basic gains.
The second target is near the previous low of 67300; exit the remaining position to complete all profit-taking.
The above ideas are only for public market analysis reference. Market volatility is uncertain. Trading must be done in combination with your own risk tolerance, with strict risk control, and with independent decision-making and accepting gains or losses at your own risk. #Gate广场四月发帖挑战