🍍4.5 Midday Big Pie Trading Plan

The “Big Pie” is currently still consolidating within the channel, and last night’s spike higher looks more like a stop-run to lure in longs.
Although that spike candle refreshed the high, the closing price failed to hold above the 67319 resistance level, and it also formed a shooting star pattern. Even though there was transaction volume support below, the price still couldn’t stay firm—after probing with a pin around the dense short-seller area near 67500, it quickly fell back, clearly a false breakout.
Multiple subsequent attempts to move higher have failed to break through the key resistance, and the rebound strength is obviously insufficient. The current price has pulled back to the lower boundary of the channel for support and bounced; as long as it cannot break above 67319 and the upper edge of the channel, it will most likely continue range-bound oscillation.
If the channel support is broken, the price will further probe down to 65665. Once this level is lost, it will also create new lows again. To truly turn bullish, it must effectively break through 67319 and overcome the channel’s overhead resistance.

Trading suggestions:
• A volume breakout above 67382 and holding steady—consider chasing a long for the rebound, with targets 68299-69185
• A volume breakdown below 66871 and a failed retest/hold on the bounce—consider chasing a short
• If the 4-hour timeframe breaks below 66734, look for 65657-64936 below
$BTC
#Gate广场四月发帖挑战