Big Pie is currently quoted at around 64,700. It just pushed to a new high and then immediately fell back, which is a normal pullback and adjustment after a big rally.

On the 4-hour timeframe, it pulled up from below 60k all the way to the high at 65,589. The rally has been very strong, but now the KDJ has turned down from the high level, and the upside momentum can’t keep up. It has entered a consolidation and retracement phase. For now, there’s no drive to push higher again.

The 1-hour timeframe is even clearer. Once it touched above 65,500, it couldn’t rise further. It has been slipping with consecutive bearish candles, dropping nearly 800 points. On the downside, first look for support at the intraday low around 64,300. If it holds, it will likely maintain a range-bound movement at high levels. If it doesn’t hold, it may continue to look for support around the 64,000 level.

Overall, the larger trend is still bullish, but don’t chase higher in the short term. Wait for the pullback to stabilize before taking action, set a stop-loss, and control your position size. $BTC ‌