7.21 Pancake Strategy Analysis

The moving averages are about to form a death cross, and the short-term bullish momentum is weakening; the MACD is turning above the zero line and may change direction at any time. Although the RSI is in the strong zone, it hasn't reached the extremely strong zone yet, so the current rebound should be cautious of false breakouts.

Support is raised to 117,000, with ample space below; resistance above is initially seen at 119,500 to 120,000.

Key Point: Whether it can break through the previous high of 118,800 is crucial for judging a real breakout, and after breaking through, we should observe if the volume follows.

Trading Advice:

Near 120,000, take a light short position, targeting around 117,000. With unclear news, avoid heavy bets; the strategy should primarily focus on shorting at highs and buying at lows. $BTC #加密立法新纪元 #上市公司加密储备战略