Yesterday, the price of the "big pancake" (likely referring to a cryptocurrency) broke through a new low, reaching a new support level near 25980. Then the bulls showed strength, pushing the price back up to around 26400. However, starting from 9 PM, the price fell back to around 26000 without breaking this area. Shortly after, the bulls exerted force again, pushing the price up to around 26400 in the early morning today, initiating a new round of oscillation with 26250 as the mean. Currently, the price is hovering around 26300.
The positions taken on September 25th are as follows:
BTC 26583-26212=371 points
ETH 1586-1572=14 points
BTC 26573-26132=441 points
ETH 1587-1575=12 points
After touching the 26000 level yesterday, the "big pancake" quickly rebounded to around 26400 in the midnight and continued to oscillate in the morning. On the 4-hour chart, the price has been consistently resisted near the middle band, but is currently only fluctuating within the lower and middle band range. The short-term trend of the US dollar will determine the short-term direction of the price. In an oscillating market, especially in a consolidating market, the accuracy of entry points is more critical. Only by finding the right position can one gain a certain amount of space; otherwise, one can only wait and observe. The US dollar is showing strength in the short term. For short-term operations in the morning, consider shorting near the middle band and make corresponding adjustments after breaking through.
Personal operation suggestions for the "big pancake" in the morning:
Short in the 26400-26600 range, with a target of 26000-25500.
- I am Zhu Zhengting, a teacher specializing in technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let's exchange ideas and profit together!
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