4.26 Pancake Market Analysis
Recently, prices have oscillated and adjusted, with previous upward trends stagnating. Prices are above EMA(144), EMA(169), and EMA(200), but short-term moving averages show a bullish arrangement and signs of convergence. The MACD indicator shows weakening upward momentum.
In the short term, prices may continue to fluctuate between the key resistance level of 95758.04 and the potential support level of 93995.50. Due to the emergence of a 'bearish engulfing' pattern, a top formation, and a flat top pattern, there is a risk of downward movement in the short term.
Suggestions: The current market is in a stage of oscillation and adjustment. It is recommended that investors remain cautious and monitor whether the resistance level of 95758.04 can be broken. If it cannot break through, short-term selling may be considered. If prices continue to find support near the support level, one may remain on the sidelines and wait for further trend confirmation before taking action. Close attention should be paid to changes in the MACD indicator for updates on market trends.
K-line Patterns: Important patterns include 'bearish engulfing' and 'top formation,' indicating potential signs of market adjustment; pay attention to the subsequent price changes.
EMA: Current prices are above EMA(144), EMA(169), and EMA(200), indicating that the market remains strong, and the bullish arrangement of short-term moving averages suggests sustained upward momentum.
MACD: The DIF and DEA lines are close to horizontal, and the decreasing red histogram indicates that market buying momentum is weakening, while sideways consolidation reflects confirmation of demand at high levels.
Potential Buy and Sell Points
Buy Point: 93995.5 USDT (close to the potential support level, may form short-term support, rebound opportunities may arise near the EMA moving averages)
Long Stop Loss Point: 93000 USDT (breaking below the recent key support area indicates strengthening bearish pressure, and the trend may reverse)
Sell Point: 95758.04 USDT (approaching the daily high resistance level, strong selling pressure may exist, and the pattern also shows top signals)
Short Stop Loss Point: 96000 USDT (once breaking through the key resistance range, it will indicate continued bullish movement and a break of the top formation) #币安Alpha上新
