6.26 Large Cake Trend Analysis

First, let's review yesterday. We took a short position at the 106800 line and took profits at 106000. Both the four-hour and daily levels gave bullish signals. During the day, we entered a long position at the 106200 line and took profits at 10w8, securing a gain of 1800 points.

The daily candlestick chart showed a high of 108000 and a low of 105200. The large cake has broken through the important resistance level of 106800 that we mentioned yesterday, so entering long positions is not a problem. The EMA trend indicator has shifted from a contracting bearish momentum to a bullish expanding trend, while the MACD volume has decreased, and both DIF and DEA are contracting.

If it breaks through 109000 again, there is a high probability that the bullish trend will restart and push towards eleven thousand. However, if the key resistance level is not broken, the bearish momentum will continue. Therefore, it is essential to pay attention to the changes in market volume. At this point, considering the comparison between bulls and bears, the bullish space is much smaller, while the bearish space is larger. To be cautious, it is safest to wait for a high position to short!

Operational Suggestions

Large Cake: Short in the range of 108500-108900, targeting a drop to 107000-106000. If it breaks down further, continue to look down. The medium-term bearish outlook remains unchanged at the 10w level and 9w7. $BTC