Midday Analysis

The large pancake is currently stable around 114200. Although the pullback this morning brought some pressure, the key support level at 114070 remains solid. There has been a massive outflow of funds in the last 24 hours, with a bearish sentiment, but the bulls have not completely exited the market.

On the technical front, the short-term moving averages are still in a death cross, with MACD green bars extending, indicating that bearish momentum is still being released. RSI is hovering in a neutral to weak range, showing that the market is in a tense standoff period.

This afternoon, the focus will be on whether 114070 can hold. If it breaks down, further downside potential will be opened; if it strongly recovers to 115680 and stabilizes, short-term pressure will be alleviated. The gains and losses of these key levels will determine the final direction of the market today. $BTC $ETH $XRP #加密市场反弹 #美国加征关税 #加密市场反弹