Today’s Big Cake Trading Ideas

After a sharp drop from the high of 73700, the overall trend is in a downward trend with sideways oscillation. The price is trading below the moving averages, and the bears dominate the short-term trend.
Support level: The low of 70400 in this round, and the integer level 70000, are strong supports
71000-71050 is the first resistance,
71500-72000 above is a strong resistance zone. Further up, 73000+ is the previous high, and the selling pressure is extremely heavy
Combined with the order book + market sentiment, the core principle is: mainly short at high levels, supplemented with long positions at low levels, strictly control position size, and don’t chase rallies or sell in panic
Entry range: rebound to 71500-72000, build shorts in batches
​Target levels: Target 70600-70000,
If it breaks below the 70,000 level, the target is 69000-68000

Entry range: pull back to 70300-70800, try longs in batches
​Target levels: first target 71500-72000,
second target 73000
If it breaks below the 70,000 level, stop loss immediately. Do not hold the position#美伊停火协议谈判再生变故 #加密市场回升 #Gate广场四月发帖挑战 $BTC $ETH