The pancake is analyzed from the 4-hour cycle, with prices relying on the oscillating structure to rise in the afternoon. In the evening, after probing the key resistance level of 90500, it fell back under pressure, consolidating in a narrow range around 89700 in a two consecutive bearish candle pattern. The price running range completely overlaps with the upper Bollinger Band, and the Bollinger Band's opening continues to expand. The K-line entity carries a long upper shadow, clearly reflecting that the short-term selling pressure above is at a high level.

In the 1-hour cycle, the price is gradually approaching the support area of the middle Bollinger Band, with short-term bearish momentum continuously accumulating. If this middle band support is effectively broken, the downward space for the price will be fully opened. The KDJ indicator forms a high-level death cross in the overbought area, releasing a clear short-term pullback signal; the trading volume and price's downward rhythm resonate highly, and the trend of volume and price falling together is significant.

The pancake suggests shorting near 89900-90500, targeting the 88000 level;

Ether suggests shorting near 3030-3060, targeting 2950$BTC $ETH #ETH走势分析 #ETH走势分析 #加密市场观察 #隐私币生态普涨 .