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Thursday Daytime Big Cake and Two Cake Strategy
Yesterday, the pancake surged to 105300 before retreating to 100700 in the evening, with the daily line forming a long upper shadow bearish candle, highlighting the selling pressure above, as bearish momentum dominates the short-term trend.
From a technical perspective, the price has fallen below the support of the 5-day and 10-day moving averages, and the moving average system is in a bearish arrangement, with the short-term downward trend unchanged; however, after continuous declines, the RSI indicator has entered the oversold zone, indicating a short-term need for rebound correction, so do not blindly chase.
Resistance during the day focuses on the range of 102700-103300, with strong resistance extending to 105300; support is concentrated in the 100000-100800 area below, and if it breaks down, it opens up further downward space.
Daytime trading strategy: low volatility
The pancake has retraced to the range of 100800-101200, with a target of 103200, looking upwards to 104500.
The second contract fell back to the 3380-3400 range, with a target of 3480, looking up at 3550#BTC #ETH