Last night's data was bearish, and the big pancake dropped significantly. After a large gap down, the U.S. stock market entered a volatile trading session and ended higher, with the crypto sector experiencing widespread declines.
The big pancake rebounds weakly with reduced volume after breaking below the previous low.
After an intraday rebound, there is a narrow consolidation at a high position with reduced volume. The short-term trend is relatively weak. We will observe whether there can be a volume rebound to reclaim above 120,000. Only with a sustained upward breakout can we see the return of the bulls.
For the daily level, the bearish engulfing at a high position and the 2B false breakout of the previous high point are all signals of a temporary top.
For the bulls, it is crucial to hold the range of 115-117.
If it follows the U.S. stock market downwards again tonight, pay attention to the support performance in this area.
Upper resistance: 4674/4716/4750/4788
Lower support: 4524/4460/4420/4372