$BTC The market will reward three kinds of people: patient hunters, disciplined soldiers, and explorers who always maintain curiosity. Cake staged a roller coaster market in the early morning, first attacking the high point of 118631, and then quickly inserted a pin to the low point of 116492, and now stabilized near the key psychological level of 117500. The multi-dan strategy given by Yunlu in the early morning is currently being held.
From the technical indicators, the four-hour MACD fast and slow lines narrowed above the zero axis, indicating that the momentum weakened but did not turn bearish, and the middle track of the Bollinger band 117200 formed support; the hourly RSI fell from the overbought area to 54, showing a healthy adjustment, and EMA7 and EMA30 maintained a golden cross pattern. The key support level focuses on the 117000 triple structure and the 116500p pin low point, and the resistance level looks at the 118000 early morning rebound high and the previous high position of 118631. The essence of this spike is a typical liquidity test behavior of the main force, which is intended to clean up the long chips above 118,000. The rapid decline after the surge of 15% in OKX positions confirms this point. We need to be particularly vigilant about the volatility that may be caused by the release of the US CPI data tonight. If it effectively falls below 116,300, it will trigger the "evening star" bearish pattern, and if it breaks through 118,700, it will confirm the "broken foot and pierced head" bullish structure. The morning idea is to focus on buying more after the retracement.
Big cake suggestion: more around 116,800-117,000, target 118,800 (continue to look up if it breaks above); stop at 116,400
