Happy Mid-Autumn Festival! Recently, the price of the large pancake has hit the lowest around 82,900. After that, following the U.S. stock market open last night, it quickly rebounded from the 84,000 area. However, just as it was about to break through the 85,000 level, selling pressure around 85,000 hit immediately, and the large pancake price fell back to around 83,400. Still, the subsequent move is mainly a weak rebound and repair. For Auntie, it’s the same story: after the U.S. session, she has the upper hand, with the short-term low area being raised slowly. But overall, nothing much has changed at the high levels.
At the moment, on the 4-hour timeframe, what we’re seeing is that after the earlier push-up and pullback, several consecutive candlesticks are consolidating sideways in the recent low area. They retraced and tapped the lower Bollinger Band for support, without continuing to expand the downside. In the indicators, the MACD histogram momentum is still continuously contracting. The KDJ is turning upward from the low area and gradually repairing. Short-term signs of a bottom are starting to appear. Overall, the market is leaning toward a sideways repair structure. The key focus next is whether the pressure from the midline above can be broken smoothly. Once it breaks through with volume, there will be a chance to restart the rebound rhythm. For the large pancake’s short-term support, watch the 83,800–84,200 range. After it stabilizes, you can consider a short follow-up higher to see whether it can break through the 85,000 level. As for Auntie, you need to watch the strength of support in the 2,650–2,670 range. $BTC #比特币现货ETF净流入1.91亿美元 $ETH
At the moment, on the 4-hour timeframe, what we’re seeing is that after the earlier push-up and pullback, several consecutive candlesticks are consolidating sideways in the recent low area. They retraced and tapped the lower Bollinger Band for support, without continuing to expand the downside. In the indicators, the MACD histogram momentum is still continuously contracting. The KDJ is turning upward from the low area and gradually repairing. Short-term signs of a bottom are starting to appear. Overall, the market is leaning toward a sideways repair structure. The key focus next is whether the pressure from the midline above can be broken smoothly. Once it breaks through with volume, there will be a chance to restart the rebound rhythm. For the large pancake’s short-term support, watch the 83,800–84,200 range. After it stabilizes, you can consider a short follow-up higher to see whether it can break through the 85,000 level. As for Auntie, you need to watch the strength of support in the 2,650–2,670 range. $BTC #比特币现货ETF净流入1.91亿美元 $ETH
