4.30 Pancake Market Analysis
Recently, prices have fluctuated around EMA(144), EMA(169), and EMA(200), with the overall trend in a consolidation state and no clear direction. Prices oscillate repeatedly between 92 and 96, and the MACD and RSI indicators show a balanced market strength, indicating a consolidation behavior.
In the short term, the market is in a consolidation state, and the appearance of top and bottom formations may lead to a short-term reversal. Key resistance and support levels are relatively close, and the market may continue to oscillate, waiting for other factors to drive a breakout. Recommendation: Due to the current unclear trend, it is advised to remain on the sidelines; the key support at 93518.3 and resistance at 95443.9 act as a watershed, looking for a breakout trend. If prices break upwards through the resistance level, consider a small position entry; if they fall below the support level, be cautious about reducing positions to prevent risks. Observe subsequent changes in trading volume and indicators to further confirm the trend direction.
