Yesterday, the big pancake washed away the bulls all day long, some are happy while others are worried, so how should we operate today?
Yesterday, the old black big pancake also gained 5200 points of space, Ether 130 points of space, and a small loss of 1000 points of space. We are not afraid of loss orders; we take small losses to seek large spaces. Once we catch a wave, it’s time to take off!
From the current layout on the 4H line, the price dropped to 92500 in the early morning without showing any signs of decline. A closing line has already pulled the bears back to their original position!
Looking at the MA, it’s even more of a sunny line with an upward trend. The suggestion for today's operation is very simple: the support level below is at 94000, which allows for a short position, or it can be treated as a defensive level. If it breaks the support, it will look down 1000 points!
The big pancake suggests a short position on the retracement, buying near 500-800 points, looking up for 1500-3000 points of space, with a bullish target of 96000-97000!