The pancake lives up to expectations, breaking through a new high as expected according to the 4-hour trend! Sometimes you don't need to doubt whether the institution is manipulating the market; just follow the natural laws and enter the position accordingly. When the trend is strong, the cost of manipulation is often higher.
The prices given are still elegant, calmly moving from around 1205 to 1240. Ethereum has also been very strong recently, with its increase surpassing that of Bitcoin; we might not be far from seeing 4800!
Let's take a look at the current market; the decline is quite healthy, and the retracement is within reasonable limits. According to the previous high pressure, it's retreating around 4,000 points, trending towards a fluctuating upward movement!
The price is falling near 1204, and a downward pin is appearing on the 1-hour K chart. The technical indicator TD has also shown a sequence 9 signal here, indicating that there is still resistance from bulls at the 1200 level. The market may continue to test 1200, and one should be prepared for a potential breakout. If bullish, one should also consider the possibility of crossing below 1185!
When the time comes, make sure to catch it!
Whether 1185 can recover to 1200-1205 is key to the strength of the subsequent rebound! If the pin position is reached, you can take a small bite, but remember not to hold it long as the market direction remains uncertain.