The current price of the pancake is 97500. From the recent trend, it is clear that all indicators are contracting. The shipping period has entered a slow bull phase and is beginning to stretch slowly. Whether you are long or short, it is easy to get washed out at this time. Operation suggestion: prioritize holding onto your chips.
Looking at the technical indicators, the daily K-line is consolidating at a high level, the EMA15 trend indicator has reached 94000, and the MACD is narrowing downward. The daily K-line has formed a small upward line with a long lower shadow, indicating that there is certain buying support below. The four-hour Bollinger Bands are in a contraction phase, and the coin price is operating in the upper-middle band range. Continuous downward pressure in the shipping period has begun to show signs of turning around. The main force appears to be consolidating but is actually starting to exert force, and the bullish trend remains unchanged.
Operation suggestion:
Go long around 96800, add to long at 96000, target 98800
