4.16 Wednesday Midday Analysis

The large pancake rose from around 8.31 to 8.39, and the previously arranged short positions have been taken profit.

Currently oscillating around 835, the overall trend today is downward, fluctuating within the mid-range area, and a consolidation or short-term pullback may occur soon.

However, the pullback momentum is insufficient, still under downward pressure, and we need to closely monitor the trend and respond flexibly.

From a technical perspective, the current state is mainly characterized by consolidation and oscillation. The MACD and KDJ indicators show that short selling strength is weakening, with signs of a rebound, but the sentiment in the cryptocurrency market remains bearish.

Key attention should be paid to whether the MACD can strengthen and whether key support and resistance levels will break. If the price can stabilize at 830, a small long position can be tried.

In summary, based on technical analysis and fundamentals, it is recommended to focus on high short positions, continuing the morning strategy.

A rebound to the 850 - 842 range can be shorted, targeting 830 - 820; if a rebound occurs near 1640 - 1610, it should also be shorted, with a target of 1550 - 1520.