9.2 Big Pancake Second Pancake
From the hourly timeframe, since the price pullback, it has maintained a clear downward channel. The opening continues to diverge downward, indicating that bearish power still remains dominant. The price is moving between the middle band and the lower band, and has once again moved downward to approach and break below the lower-band support. The middle band shows a smooth downward slope, forming a short-term heavy resistance that is difficult to surpass. As long as the price cannot effectively regain and hold above the middle band, the overall downward structure is unlikely to undergo a real reversal.
After the MACD’s two lines formed a dead cross below the zero axis, they began to accelerate in downward divergence. The bearish histogram bars have started to expand again, suggesting that after a brief consolidation on a platform, bearish capital has once again stepped up. The downward slope of the DIF line is relatively steep, meaning the sell-off momentum is accelerating. In the short term, there is insufficient willingness from buyers to absorb dips, and the upside rebound potential is severely constrained.
Overall, the technical setup shows clear bearish alignment characteristics. The support near the lower band looks particularly fragile. If the price cannot stabilize effectively in this area and be accompanied by a reversal in volume/energy, it will most likely continue downward to search for even lower support points.
Big Pancake: Enter at 77200, add at 77700, protect at 77900, 👇 watch for 75200-74700
Second Pancake: Enter at 2400, add at 2420, protect at 2440, 👇 watch for 2330-2290
The above is an objective analysis of the market conditions and does not constitute any investment advice. The market is subject to uncertainty. Any specific trading decisions should be made in conjunction with the real-time chart and your own risk tolerance—independently and prudently—bearing the corresponding risks.
$BTC $ETH $XAU
From the hourly timeframe, since the price pullback, it has maintained a clear downward channel. The opening continues to diverge downward, indicating that bearish power still remains dominant. The price is moving between the middle band and the lower band, and has once again moved downward to approach and break below the lower-band support. The middle band shows a smooth downward slope, forming a short-term heavy resistance that is difficult to surpass. As long as the price cannot effectively regain and hold above the middle band, the overall downward structure is unlikely to undergo a real reversal.
After the MACD’s two lines formed a dead cross below the zero axis, they began to accelerate in downward divergence. The bearish histogram bars have started to expand again, suggesting that after a brief consolidation on a platform, bearish capital has once again stepped up. The downward slope of the DIF line is relatively steep, meaning the sell-off momentum is accelerating. In the short term, there is insufficient willingness from buyers to absorb dips, and the upside rebound potential is severely constrained.
Overall, the technical setup shows clear bearish alignment characteristics. The support near the lower band looks particularly fragile. If the price cannot stabilize effectively in this area and be accompanied by a reversal in volume/energy, it will most likely continue downward to search for even lower support points.
Big Pancake: Enter at 77200, add at 77700, protect at 77900, 👇 watch for 75200-74700
Second Pancake: Enter at 2400, add at 2420, protect at 2440, 👇 watch for 2330-2290
The above is an objective analysis of the market conditions and does not constitute any investment advice. The market is subject to uncertainty. Any specific trading decisions should be made in conjunction with the real-time chart and your own risk tolerance—independently and prudently—bearing the corresponding risks.
$BTC $ETH $XAU
