10.2 Big Pancake $BTC
The rebound touched the 85,000–85,200 range; if it does, go directly for the “kong” positioning.
Overnight, from around 83,100 it pulled up in a rebound, with the high reaching 85,240. It looks like the move is quite fierce, but after pushing higher, it quickly stalled and fell back. It’s currently hovering around 84,700. The upside momentum is clearly not keeping up. Fundamentally, this is still an oversold rebound within a broader downtrend—nothing has truly changed in terms of weakness.
Above, 85,000–85,200 is the strong resistance zone formed by the previous highs; it’s also the ceiling of this rebound. If it can’t push further, turning around means it will likely drop again. On the downside, first support to watch is 84,200–84,000. If that breaks, it will likely probe lower again.
In terms of strategy: when price rebounds into the 85,000–85,200 range, scale in for “kong” positions. Place your protection above 85,700. For the downside, first look for 84,300–84,100. Don’t rush to chase “kong”; wait until it rises into resistance and shows signs of fatigue before entering—it’s more steady. #以太坊三季度涨70.9%
The rebound touched the 85,000–85,200 range; if it does, go directly for the “kong” positioning.
Overnight, from around 83,100 it pulled up in a rebound, with the high reaching 85,240. It looks like the move is quite fierce, but after pushing higher, it quickly stalled and fell back. It’s currently hovering around 84,700. The upside momentum is clearly not keeping up. Fundamentally, this is still an oversold rebound within a broader downtrend—nothing has truly changed in terms of weakness.
Above, 85,000–85,200 is the strong resistance zone formed by the previous highs; it’s also the ceiling of this rebound. If it can’t push further, turning around means it will likely drop again. On the downside, first support to watch is 84,200–84,000. If that breaks, it will likely probe lower again.
In terms of strategy: when price rebounds into the 85,000–85,200 range, scale in for “kong” positions. Place your protection above 85,700. For the downside, first look for 84,300–84,100. Don’t rush to chase “kong”; wait until it rises into resistance and shows signs of fatigue before entering—it’s more steady. #以太坊三季度涨70.9%