4.7 The big pie touches the bottom to form support and rebound, maintaining a bullish view on pullbacks.
The price of the big pie is in a downtrend on the 4-hour chart, especially after April 3, where the downward momentum is strong. Recently, a black three soldiers pattern appeared, further confirming the short-term downtrend. The market may continue to seek support below, currently testing near the support level of 82175 for new support points.
On the 1-hour chart, the price is fluctuating near the horizontal support line within an overall downward trend. After a significant drop, it is now in a consolidation phase. Although patterns like the belt hold and doji suggest a possible trend reversal, the appearance of the black three soldiers indicates that downward pressure still exists, and the market may continue to oscillate or further decline in the short term.
Currently, the market has not yet clarified its direction and maintains a defensive posture. If the price approaches the support level of 82175, one can consider entering a long position. If there is a clear upward trend and it breaks through the previous high of 88500, one can increase positions to remain bullish. For friends who have not had ideal trading results recently, consult btc0796 to find me for market discussions.
Long on the big pie at 82000-82500, target around 86000-90000. Stop loss at 81000.
Long on Ethereum at 1720-1760, target around 2000-2200. Stop loss at 1680.
