5.3 Evening Big Pancake and Erbing Analysis



The Big Pancake yesterday consolidated and moved higher from around 77,000, reaching a peak near 79,145. It then came under pressure and fell back, with trading volume shrinking. The current price has now dropped to around 78,300. On the hourly timeframe, it shows a structure of a sharp rise followed by a pullback. Selling pressure is clearly evident in the 79,000–79,200 area. The short-term rebound lacks strength, and it may further test the lower levels at 77,500 and even the 77,000 key area. If the subsequent rebound cannot regain and hold above 78,500, the downside correction room will continue.

Trading Suggestions
Big Pancake: do an erbing/buy near 78,800-79,800, with targets toward 77,800-76,800
Erbing: do an erbing/buy near 2,320-2,350, with targets toward 2,300-2,250
$BTC $ETH $XAUT #WCTC交易王PK
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