7.27 Jack Evening Two-Pancake Analysis

After the market surged earlier and touched the 1982 high point, it entered a long period of range-bound consolidation. The price repeatedly tested upward but still failed to break through the previous high, which remained a suppressing force. Then a new round of pullback formed, with the low dropping to 1955.46. After receiving support, it rebounded again, but the second attempt to push higher still couldn’t break through the overhead resistance.
#美股##币圈#
A new round of correction has started. The moving averages are gradually turning downward, and the price continues to fall under pressure. Currently, it is hovering around 1959.55. The near-term market atmosphere is relatively weak. The primary focus below is the support at the prior low. If this support fails, downside room will expand further. To reverse the weak momentum, the price needs to regain a foothold above the moving average area and break upward. At this stage, it’s not suitable to rush into bottom-fishing and betting on a rebound. Be patient and observe whether the support holds or breaks, and wait for the chart to form a clear bottoming/stopping-loss signal before making a decision. 7.27 Jack Evening Two-Pancake Analysis
After the market surged earlier and touched the 1982 high point, it entered a long period of range-bound consolidation. The price repeatedly tested upward but still failed to break through the previous high, which remained a suppressing force. Then a new round of pullback formed, with the low dropping to 1955.46. After receiving support, it rebounded again, but the second attempt to push higher still couldn’t break through the overhead resistance.
#美股##币圈#
A new round of correction has started. The moving averages are gradually turning downward, and the price continues to fall under pressure. Currently, it is hovering around 1959.55. The near-term market atmosphere is relatively weak. The primary focus below is the support at the prior low. If this support fails, downside room will expand further. To reverse the weak momentum, the price needs to regain a foothold above the moving average area and break upward. At this stage, it’s not suitable to rush into bottom-fishing and betting on a rebound. Be patient and observe whether the support holds or breaks, and wait for the chart to form a clear bottoming/stopping-loss signal before making a decision. #二饼 #以太 $ETH