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Second Pancake Morning Analysis
Second Pancake price surged to 2088 before closing with consecutive high-level declines, effectively breaking below the MA7 short-term moving average, and continuously facing resistance below the moving average. The rebound is weak and unable to break through the key resistance level, with the focus constantly shifting downward. MACD bearish momentum continues to be released, RSI remains in the weak zone, and the downward momentum has not diminished. The overall structure is dominated by bears, and the rebound is only a technical correction. Coupled with hawkish macro expectations and the weakening of Bitcoin, the overall market sentiment is bearish. The rebounds of Second Pancake are all corrections, with no signs of reversal.
Trading suggestion: Short at 2060-2100 on rebound. Target 1950-1850.
$BTC $GT