4.8 Morning Big Pancake Analysis$BTC $ETH

From the 15-minute cycle perspective, Big Pancake continues yesterday’s bullish trend. The current price is 71891, the highest reached 72743, the increase is 4.59%, and market long sentiment has been fully ignited.

In the Bollinger Bands indicator, the price firmly holds above the upper band. The upper band expands upward in sync, forming a typical one-sided bullish pattern of “opening upward + price breaking above the upper band.” The Bollinger Bands width continues to expand, indicating an extremely strong short-term trend, with the bulls fully dominating the market.

For the first resistance level above, watch the 73000 integer level. This is the first target of this up move. If it can break through with increased volume, there is potential to further probe toward resistance near the previous high;
For the support level below, focus on the 71800-71500 range. This is the lifeline for short-term bulls. As long as it does not effectively break down, the upward trend will not be damaged. Stronger support is in the 70500-70000 range.

Net inflow keeps rising, indicating that buying pressure has not weakened, and liquidations in the past 24 hours are only 2266万, so short-selling pressure is not heavy. The current bullish trend is still continuing. But it’s important to note that the short-term rally has been too large, so indicators are likely entering the overbought zone. There’s no denying the possibility of a small pullback to build momentum. In terms of operations, it is not recommended to chase the price higher; instead, focus on buying on pullbacks. If a breakdown occurs, cut losses in a timely manner.
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