8.15 Big Cake Early Morning Thoughts

When the Big Cake short-term pulls back to around 117410, this support level shows strong resilience, having withstood multiple tests without being effectively broken. This lays a solid foundation for a rebound. At the same time, the MACD green bars are converging, indicating a weakening of bearish power. It is highly likely that the price will take this opportunity to launch a counterattack towards the previous high of 124545.

One can look to go long around 117000-117500 for the Big Cake, with a target near 119000 #btc .