【Pancake Multi-Long and Short Tug-of-War】Current price 117,577, 24-hour slight drop of 0.9%, the market is in a stalemate!
📊 Technical Analysis:
1. Moving Average Resistance is Significant: Price is under dual pressure from the 25-day moving average (118,029) and the 99-day moving average (119,529)
2. Trading Volume Continues to Shrink: Trading volume (1,025) is less than half of the 5-day average volume (2,784)
3. Key Level Alerts:
- Upper Resistance: 118,600 (intraday high) - 119,184 (24-hour high)
- Lower Support: 116,736 (24-hour low) - 116,613 (August new low)
🎯 Operation Suggestions:
1. Long:
- If there is a breakout above 118,600 with increased volume, consider a light position to go long, target 119,500, stop loss 117,800
2. Short:
- If it effectively breaks below 116,600, consider a short position in line with the trend, target 115,000, stop loss 117,200$BTC
