5.8 Large Pancake Afternoon Thoughts

Macroeconomic news has prompted the market to break the range, with increased volatility. From the hourly candlestick view, the price has found effective support in the downward channel between 98500 - 99000, though the bears dominate the overall trend, making a short-selling strategy on rebounds advisable.

Technical perspective: The daily MA20 moving average exerts significant pressure, and the 98500 - 99000 range represents strong resistance for short-term rebounds. The lower boundary of the channel and the lower boundary of the hourly Bollinger Bands form a resonance support, with a strong support level at 95000.

Operational suggestions:

In the range of 98800-99400, aim for a target down around 95500-96000.

Ethereum in the range of 1870-1900, aim for a target down around 1750-1780! $BTC $XRP #美联储FOMC会议 #Pectra升级 #MEME法案 #交易故事 #最近的一笔交易