4.21 Monday Pancake Midday Thought Analysis!
From the one-hour technical structure chart, the price channel is oscillating downwards, breaking below. The lower channel shows signs of opening up; however, due to the slow pace, the pullbacks are also accompanied by corrections. The frequent conversion of long and short trading volume indicates a clear downward oscillation pattern. For the upcoming short-term strategy, we maintain a stance of shorting on rebounds.
On the four-hour level, the running channel forms a strong contraction, and is under pressure from the upper track in a narrow range. The price is moving weakly lower within the box, and the bullish trading volume is hindered, showing weakness. The moving averages do not show a clear upward reversal, and the short cycle also indicates a further demand for downward movement. The short-term oscillation is evident, with upward attempts being met with resistance and leading to pullbacks. For the upcoming strategy, we primarily participate in short positions at higher levels.
Bitcoin personal trading advice: Short in the 87800-88300 range, targeting 85500. #中美贸易关系 #加密市场反弹 #MichaelSaylor暗示增持BTC #BNBChainMeme热潮 #波场ETF $BTC $ETH
