7.4 Afternoon Pancake Analysis
Recently, the Bitcoin trend resembles driving over a speed bump; at the $108,500 mark, the previously declining trend was suddenly "braked."
The previous significant rise consumed too much "fuel," resulting in a noticeable lack of upward momentum, much like a fatigued athlete needing to take a break.
Trading Strategy:
• Long Position Opportunity: As long as the $108,500 defense line is not breached by bears, there will be opportunities to enter long positions on dips.
• Short Position Timing: If the price rebounds to the $109,300 - $109,800 "resistance zone," you can attempt to short with a light position, quickly entering and exiting to capture swings.
