November 7th, Friday, Jingwen's Big Cake Strategy

The big cake has not broken through the previous high of 114500 at a smaller level. Yesterday, it was in a state of oscillation and slow decline, dipping to 100200 in the early morning before quickly pulling back to 102300. After that, the retracement did not break the previous low, oscillating in the range of 102000-100500.

The price has significantly retreated from the previous high. Although there was a rebound, it did not break through the key resistance, and overall it remains in a downward trend. The inertia of the bearish trend may continue. However, RSI6 and RSI12 are both at 40.3, and RSI24 is at 42.1, which is in the neutral to low area, not entering oversold but has room to turn upward. If the RSI indicators move upward, it may drive the price to rebound. Currently, the competition between bulls and bears is fierce, and everyone must be defensive when placing orders.

Big Cake: Buy in batches in the range of 101000-100500, first target 113500, second target 114500, if broken, continue to look at 106300. If it does not break, we see an M shape that can reverse to short and look at around 100200. If it breaks down, look at the previous low of 98880! $BTC $MMT $ZEC #隐私币生态普涨 #币安合约实盘 #加密市场回调 #币安HODLer空投SAPIEN