5.7 Pancake Morning Analysis


The 15-minute level shows recent prices oscillating in the range of 97000-97500, with significant selling pressure near the previous high of 97550. The hourly chart forms an "ascending wedge" structure, accompanied by a long upper shadow, indicating a short-term pullback demand. The 15-minute RSI has fallen back after a double top divergence, and the hourly chart shows a turn in the overbought area. A significant volume stagnation phenomenon occurs at the key resistance level of 97500. Currently, the dominant trend is bearish, and the short-term target of 970-975 can be seen as 955-960. #BTC
BTC-2.31%
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