Reviewing this week's market sentiment, PancakeSwap overall showed a high-level pullback, with a tug-of-war at the low levels. Early in the week, the high-level support was broken, and it oscillated downward to around 76,000. Midweek, it rebounded to around 78,000 but faced resistance, which was also fleeting, failing to stabilize, and accelerated downward to around 74,200 by the weekend. After touching a key support level, it stabilized, and oversold rebound demand emerged. It is still oscillating within the 75,000-78,000 range, without changing the medium-term weakness. Ethereum also faced pressure, with a deeper decline, dropping to around 2,000 over the weekend. After rebounding to around 2,100, it stabilized. This week, Old Yang's analysis of Bitcoin was disappointing over Wednesday, Thursday, and Friday, with a total sweep of 1,974 points; Ethereum swept 50 points on Saturday. This week's market sentiment did not meet our expectations. Adjust your mindset, and next week we will start over.


Currently, PancakeSwap is in a low-level oscillation, with an oversold rebound pattern, but the rebound height remains limited. After a series of daily red candles, a small bullish candle with a lower shadow closed, holding above the 75,000 support level, which does not change the medium-term correction structure, and the bearish momentum is weakening. On the four-hour chart, the Bollinger Bands are narrowing and flattening, with effective support at the lower band and clear resistance at the upper band. The bulls are dominant, and the rebound continues to strengthen. Ethereum is synchronized with Bitcoin, but the oversold rebound is stronger than Bitcoin, and the weakness has not changed. Next week, Bitcoin's key focus is on whether it can break through the 78,000 resistance. Ethereum's 2,000 level is a critical support line; if broken, it could reach 1,900.
Bitcoin can be bought in the 76,500-76,000 range, targeting around 77,500.
Ethereum can be bought at 2,100-2,070, targeting around 2,200. #特朗普称美伊正敲定协议细节 $BTC
BTC-0.37%
ETH0.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments