7.7 Evening Big Pie Market Analysis

Based on the analysis of the 4-hour K-line movement, the entire weekend trading period was consistently in a weak fluctuating pattern, with prices continually constrained by the middle band of the Bollinger Bands, hovering and consolidating below it. Until this morning, the market suddenly experienced a significant increase in trading volume, triggering a strong upward surge.

The price not only successfully broke through the resistance of the middle band of the Bollinger Bands but also formed a typical 'two bullish engulfing and one bearish' bullish engulfing candlestick pattern. However, considering the current market structure and the overbought signals emitted by technical indicators, it is expected that the prices will face a wave of high-level correction in the future. Therefore, in terms of strategy, it is advised that students take advantage of the opportunities to short at high levels.

Big Pie: Can short at 109400-109900

Target at 107000-106500

​$BTC