Thursday, 12.4 Big Cake Trading Strategy

The road to success is not crowded, because there are not many who can persist until the end. When you want to give up, please tell yourself to hold on a little longer, because often it is this little bit of persistence that brings you closer to your dreams.

From the hourly BOLL indicator perspective, the current BOLL band shows a clear flattening trend, with the upper, middle, and lower bands tending to be parallel, and the range formed by the upper and lower bands continues to compress. The tug-of-war between bulls and bears near the current price level has fallen into a stalemate, and the market lacks clear directional guidance. In the short term, prices are likely to maintain a range-bound oscillation pattern, with the fluctuation range constrained by the narrowing of the BOLL band.

Switching the perspective to the four-hour chart, the big cake price has repeatedly tested near the middle of the Bollinger Band, intending to confirm the strength of this support level. However, from the market performance, although the price has touched the middle band multiple times, it has not managed to form a strong rebound.

However, from an overall market pattern analysis, the current market does not fully exhibit weak characteristics. Although the short-term trend appears to be weak oscillation due to the tug-of-war between bulls and bears, from a trend perspective, the price has not broken through the important trend support line, and the overall pattern remains relatively strong. This state of short-term weakness and unbroken trend reminds us that afternoon operations need to consider both oscillation and trend attributes, and during the day we will adopt a high sell low buy approach.

Trading Suggestions

Continue to conduct high sell low buy operations around the 91000-93800 area. It is recommended to short near 93500 during the midday, looking down towards 92500. If there is a continuation, it can further look down towards 91500. If it does not break, we can reverse to enter long positions. Place the stop loss for short positions at 94800 and for long positions at 90500. #BTC #ETH