Today’s Big Pie Public Outlook (Thursday)

Current Price: $70,812.5
1. Bollinger Bands (BOLL) Pattern Analysis
• Band Status: The current price touches the upper band (UPPER), reported at $70,813.9, showing a head-turning downward shape from the upper band.
• Trading Range: In the recent period, the price has been undergoing narrow-range oscillation between $70,685 (lower band) and $70,813 (upper band), and is in a volume-contraction and tightening phase.
• Bearish Signals:
◦ Top rejection: After the 1-minute K-line touches the upper band, the short-term market faces a need to retrace to the middle band (MID) and even the lower band.
◦ Clear pressure: A distinct short-term sell-pressure zone has formed near the upper band ($70,800-$70,900). For now, the bulls have no strength to break through and surge higher.
2. Short-Cycle Trend Structure
• Low-level rebound: The price has rebounded from the early-session low of $70,428 to now, which is a technical correction after being oversold.
• Momentum exhaustion: Currently, the rebound strength starts to weaken after reaching the upper band. The K-line bodies lack follow-through upward power, and the upside momentum shows a clear exhaustion.
• Pattern: At high levels, there is sideways consolidation with small bearish and small bullish candles. It lacks the volume to continue pushing higher, making it easy to form an “M-head” or “top divergence” structure. $GT ‌
3. Key Levels and Trading Strategies
• Resistance Zone (Shorting Area): $70,800 - $70,900 (including upper-band pressure and near yesterday’s high).
• Stop-loss: $70,950 (if there is an effective break above the upper band and it holds, the short-term bearish logic is invalidated).
Big Pie: If it pulls back to 71,000-71,500, it can head downward.
First target: around 70,200
Second target: 68,500 (cautiously) #Gate广场四月发帖挑战 #加密市场回升 #黄金白银走高 $BTC $ETH #