Today’s Big Cake Public Outlook (Saturday)

Currently, under the 15-minute cycle BOLL(20,2) parameters, the core values are as follows:
• Upper Band (UPPER): 72821.5
• Middle Band (MID): 72712.7
• Lower Band (LOWER): 72603.8
• Current Price: 72800.3
Bearish core logic:
1. Price is under pressure at the upper band, rebound momentum is exhausted: current price 72800.3, only 21 points away from the upper band 72821.5, which is a typical upper-band resistance pattern. Earlier rebounds on the 15-minute level failed to effectively break through the upper band; instead, they met resistance along the upper-band edge. This indicates that bullish power has been used up and bears are about to take control of the market.
2. The band structure is weakening; a downward channel is starting to form: judging from the candlestick chart, after the previous high of 73430.0, the Bollinger upper band keeps turning downward. The middle band weakens in sync. Although the lower band has support, its strength is insufficient. Overall, the band shows a bearish trend of “opening up narrower then diverging downward,” which matches the bearish characteristics of the channel structure.
3. Middle-band support fails; the rebound turns into a weak repair: after the price fell below the middle band 72712.7 around 12:45, the rebound only returned to above the middle band, but failed to hold above it. This is a typical “weak rebound.” Going forward, it is highly likely that the price will probe down toward the lower band 72603.8 again, and may even break below the lower band to open up more downside space.
Big Cake: A rebound from 73000 to 73500 suggests a move south
First target: around 72300
Second target: 70500 (cautiously) #Gate现货衍生品双双冲进全球前三 #Gate上线Pre-IPOs $BTC $GT $ETH