April 27 “Big Cake”: The high-level consolidation has ended, and bulls and bears are about to hit the bottom.

“Big Cake” rose 1.3% during the morning—doesn’t that mean a lot of brothers are thinking it’s about to break 80,000? Can we chase the long? Li Chengfeng doesn’t think so. The reasons behind this pull can be summarized as follows: 1) Funds trapped at low levels have been concentrated and used to sweep orders, with short-term buying following along and a technical rebound. 2) Overnight U.S. stocks are relatively steady, and the U.S. dollar is weakening. 3) As mentioned above, the price has been grinding sideways in the range for too long, and the selling pressure has run out.

Technically, the daily MACD is running above the zero line, but the red bars continue to shrink, indicating that the “northbound” momentum is declining at the margin, and the market may enter a short-term range-bound consolidation and adjustment mode. The 4-hour RSI is approaching the overbought area, but the MACD at high levels is turning sluggish—this is a typical “fish tail market” signal, and the risk of chasing higher prices has been significantly amplified.

Trading advice: 79,500 cannot hold effectively. Consider shorting in batches while pressure builds in the 79,000–79,500 zone, with a stop-loss at 80,500. If it retraces to 77,500 without breaking, then consider buying on the dip. $BTC #美伊谈判陷入僵局