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Good morning, everyone!
The pancake is currently operating around 101200. Based on the current candlestick chart and technical indicators, the short-term trend is leaning towards a weak oscillation, with a pullback pressure present. Observing the Bollinger Bands, it is currently located in the middle-lower track range, and it is in a consolidation range after a recent decline. The candlesticks show alternating small bearish and bullish patterns, and overall, they are below the descending trend line, indicating insufficient bullish momentum in the short term.
BOLL Bollinger Bands: Prices are close to the lower Bollinger Band. Although there is support, the middle band is a short-term resistance. If the middle band cannot be broken, the rebound space will be limited.
KDJ Indicator: K value, D value, J value, although not oversold, the J line's upward turn is weak, showing a short-term bias towards fluctuation, lacking clear rebound signals.
MACD Indicator: Both DIF and DEA are below the zero axis, and the MACD histogram is negative, indicating that the bearish strength is still dominant, and no reversal signal has yet appeared.
Based on the above observations, it is recommended to short near the rebound to the range of 102503--103409, with the target looking towards the area around 100800--100010.
Ethereum is currently fluctuating at 3327, with the overall trend in sync with Bitcoin's rhythm. It is recommended to rebound to the vicinity of 3365--3398, targeting the area around 3280--3242.
The above is only a personal opinion and is for reference only. Please refer to the operations of Haoyu Shipan as the standard $ETH