8.18 Big Cake Two Cakes
From the hourly timeframe, after a round of sharp upward movement, the current price is now trading above the mid band and consolidating in a high-level range. The mid band maintains a clear upward slope, providing strong dynamic support for the price. The price has not effectively fallen below the mid band, indicating that the bullish trend remains intact. The current sideways movement is a healthy technical consolidation aimed at building momentum.
Although the MACD indicator shows a dead cross and a pullback at a high level above the zero axis, the histogram bars for bearish volume are continuously shortening. Both the fast and slow lines appear to be flattening and showing signs of turning back upward again, suggesting that the momentum behind the high-level pullback has begun to fade and that selling pressure is gradually weakening.
Big Cake: buy 63900-63200, 👆 targeting 65100-65700
Two Cakes: buy 1890-1850, 👆 targeting 1940-1980
The above is an objective analysis of the order book/market conditions and does not constitute any investment advice. The market involves uncertainty. For specific trading decisions, please consider the real-time market and your own risk tolerance, make independent and prudent judgments, and assume corresponding risks.
$BTC $ETH $SNDK.US
From the hourly timeframe, after a round of sharp upward movement, the current price is now trading above the mid band and consolidating in a high-level range. The mid band maintains a clear upward slope, providing strong dynamic support for the price. The price has not effectively fallen below the mid band, indicating that the bullish trend remains intact. The current sideways movement is a healthy technical consolidation aimed at building momentum.
Although the MACD indicator shows a dead cross and a pullback at a high level above the zero axis, the histogram bars for bearish volume are continuously shortening. Both the fast and slow lines appear to be flattening and showing signs of turning back upward again, suggesting that the momentum behind the high-level pullback has begun to fade and that selling pressure is gradually weakening.
Big Cake: buy 63900-63200, 👆 targeting 65100-65700
Two Cakes: buy 1890-1850, 👆 targeting 1940-1980
The above is an objective analysis of the order book/market conditions and does not constitute any investment advice. The market involves uncertainty. For specific trading decisions, please consider the real-time market and your own risk tolerance, make independent and prudent judgments, and assume corresponding risks.
$BTC $ETH $SNDK.US