728 Hu Ge midday-session technical analysis of “second cake”

“Second cake” is currently moving in line with BTC’s adjustment overall. On the daily timeframe, after the price surged near 1982 and then pulled back, it has now retraced to around 1880. It is still trading near and above the Bollinger middle band, indicating that the large-scale uptrend structure has not been fully broken, but short-term momentum has clearly weakened. The first resistance to watch above is the 1900-1920 area—this is the daily Bollinger middle band and a previous dense consolidation zone. If it fails to reclaim that level, the market is likely to keep testing support further down.

On the 4-hour timeframe, after the price broke below the Bollinger middle band, it quickly pushed down, with a low around 1865. It is now stabilizing near the Bollinger lower band, and there is demand for a short-term rebound. The 1865-1850 area is an important support zone. If it breaks, there may be further pullback toward around 1800.

On the 1-hour and 15-minute timeframes, after a period of rapid selling, the price entered a sideways consolidation for repair. Trading volume has shrunk noticeably. After the shorts released, they have temporarily weakened; open interest has also declined in sync, and some leveraged positions have exited. At present, the short-term focus is on whether it can break through 1885-1900. If it holds and stays above, there is a chance for a rebound to 1920. If the rebound lacks volume and gets rejected again near 1900, a second retest of the 1865 support cannot be ruled out. $ETH ‌#长鑫开盘跌7.7%