6.23 Big Pancake & Aunt Tai Brief Analysis

Today, the Big Pancake's daily high was 103400, and it plummeted directly to 98100, breaking both the 60-day and 90-day moving averages in one go. The key support to watch below is 97600.

The MACD is also clearly contracting, with the bears still gaining strength, and both DIF and DEA have fallen below the zero axis.

Looking at the four-hour chart, after breaking the 100000 level, it started to accelerate downwards, with a decline of a thousand points happening quickly. Short-term bears are still dominating the rhythm. The middle band of the Bollinger Bands is capped around 103000, and any rebound towards that area remains a shorting opportunity.

Trading Suggestion: Short around 102000-103000, with a target of 101000-100500; if it breaks down further, keep looking downwards.

Aunt Tai is similar, showing weak fluctuations, with no volume on rebounds, making it difficult to gain strength. The MACD is still in a bearish structure.

Trading Suggestion: Short around 2280-2380, with a target of 2150-2100; if it breaks down, there is still space below.

In summary: Rebounds are an opportunity, not a reversal! Maintain a high short position as the main strategy. #加密市场回调 $BTC