7.27 Pancake analysis

Analysis: Do it around 1960, at 1680 for defense, and target 1920-1900.

In the one-hour cycle for Ether, the market launched a rebound off the 1846 bottom support. It then successively held above the 1900 and 1930 pressure levels, and pushed upward to the 1966 area. After spiking higher in the short term, a technical pullback and shakeout followed, but the price has continued to trade above the short-term moving averages. The bullish structure has not been broken, and the 1930 area has shifted from resistance into an important support zone. On the news side, the market continues to price in expectations for Federal Reserve policy, while closely tracking the timing of capital returning to the crypto sector. ETF fund inflows continue to improve, and the entry of institutional capital effectively boosts long sentiment. However, after a continuous run higher, the price action has accumulated a lot of short-term profit-taking orders, so it’s not advisable to chase longs directly at high levels. Wait patiently for a pullback toward support, then choose the right time to position. #长鑫今日上市Gate合约抢占交易先机 $ETH ‌