If Big Cake continues to move like this next, what should you do?

Looking at the 4-hour structure, yesterday Big Cake’s low fell to 73,699, after which it encountered strong support, and then began moving upward to adjust. After absorbing the liquidity at 76,200, it then started a technical pullback. The 76,200 level is very critical. Once a breakout occurs with increased volume, bullish sentiment will be reignited again, and it’s very likely that it will continue its attack toward 80k. Of course, I still don’t think the 80k level will be broken; at most, it will form a double top and then pull back.
In the past few days, Big Cake’s price action has been stronger than Ethereum’s, so in terms of the structure within the price range, it looks better than Ethereum’s. The current price is around 76,000. If this level keeps consolidating, what will be worn down is real money, and in the end the price will still come down and then retest the 73,600 level.
Finally, let me talk about my decision: yesterday at 75,350, I opened a short position on Big Cake. After that, the price dropped to 74,600, and I did not choose to exit. You all know what happened next. Now I’m holding at an average price of 75,620. #GatePreIPOs首发SpaceX $BTC #美伊二轮谈判进展