midday thinking

The overall trend of the pancake is in a range oscillation pattern, with Ethereum's movement showing a slight rebound. The current price ratio has entered a consolidation phase. Observing the 4-hour candlestick pattern, the price ratio broke through the middle band of the Bollinger Bands but has not formed the expected unilateral downward trend.
The Bollinger Bands are continuously tightening, with the distance between the upper and lower bands being compressed, indicating that the market is entering a narrow consolidation phase. The RSI indicator is oscillating in the neutral zone of 40-50, showing neither oversold rebound signals nor the momentum for a breakout upwards.
At the same time, the amount of gel formation during the price comparison downtrend shows a stepwise contraction, indicating that the market's making capacity is gradually weakening. Currently, the price comparison is fluctuating between the middle and lower bands of the Bollinger Bands. Combined with the performance of technical indicators, it is expected that the market sentiment will continue to exhibit a weak downward trend in the afternoon, with the making power temporarily dominating.
You can try a light position around 108500 for the big cake, with the target looking towards.
107500, if this point is broken, it can continue to look down to around 106500;
The target for the second pancake is to look down at 2450 near 2560.
#比特币 #Btc #合约