Recently, the price of the "big cake" (presumably referring to a cryptocurrency) has shown a rebound at the support level of the 26400 moving average, indicating some support in the market. However, on Friday of this week, the "big cake" encountered resistance at the 27000 level and began to fall, showing a situation of encountering resistance in the upward movement. When the price reaches the support level of 26400 below, the market has entered the bottom area, so it is expected to see a rebound, but the strength of the rebound in the short term may not be too strong.

The currency price has been exploring the bottom and rebounding within the high-level 4-hour range, currently maintaining a sideways trend within the 26600 range, temporarily maintaining a sideways trend; currently, this 4-hour range has lasted for a relatively long time! It's also time to make a decision on the direction; it is expected to make a decision soon.

In the technical trend chart: 1: In the 4-hour chart, the range continues, the indicators are dull, and the signals for breaking through or breaking down are not clear enough; 2: In the daily chart, the stochastic indicator is dull and diverging at the top, BOLL track is contracting, and the upper pressure level is at the 27000-27200 level; 3: The watershed position in the weekly chart is at the 26500 level; this mid-track has suppressed the market for 3-4 weeks, so it's also time to make a decision.

Overall, the "big cake" market still maintains a bullish trend and shows a slightly upward oscillating trend. : The 4-hour chart is oscillating within a range, the daily chart is in a box, and the weekly chart is under pressure. Although the "big cake" is strong, the pressure from the previous high is very strong; in addition, if the price breaks through the 26500 level, it may not necessarily go far, as there is strong pressure at 27000-27200. These two strong pressures are the main pressure on the price; if the price of the "big cake" can successfully break through the 27000-27200 resistance level, it is expected to further accelerate the rise and show a strong upward trend.

In terms of operation, it is recommended to follow the strategy of high short and low long. When the price of the "big cake" retraces to a low point, it is advisable to layout long positions in a timely manner, and at the same time, if the price retraces too much at the high point, it is also advisable to consider shorting appropriately.

"Big cake": Long position at the 26200-26400 range, with a stop loss at 26000, and a target at 27000-27200.

Ether: Long position at the 1550-1570 range, with a stop loss at 1540, and a target at 1620-1630.

Disclaimer: The above is purely personal investment sharing and does not constitute actual entry points. Trade at your own risk.

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