$BTC

Pancake Analysis

The pancake has been repeatedly testing the bottom, but there has not been a real signal for an increase. Why is that?

It can only mean that too many people have been liquidated on long positions in the past couple of days, and no one dares to chase the long anymore.

The absence of an upward signal indicates two things: first, the downward trend may not be finished yet, and second, the consolidation phase has not ended.

Therefore, it is suggested that everyone consider making some short-term trades, take profits quickly, and continue to hold short positions, as the overall trend is still bearish.

Looking up at 9.38 9.41

Looking down at 9.25 9.21 9.16

Continue to hold patiently; there is no need to be discouraged by temporary fluctuations.

Brothers who like the article can click to follow.