The large pancake at the 4h level is currently stuck around 90066, with a slight increase of 0.926% in the last 24 hours, overall showing a trend of volatility leaning towards bullish.
Looking at the technical aspects, the MA5 and MA10 have formed a golden cross, MACD has also turned bullish, and KDJ shows bullish momentum, all of which lean towards a bullish sentiment, but MA20 is still pressing down, and the tightening of the Bollinger Bands indicates that a direction will be chosen soon. Currently, no extreme overbought or oversold conditions are observed.
In the last 24 hours, the contract funds have net inflows, but in the last 4 hours, there have been net outflows, and the spot market has been continuously net outflowing, which shows a cautious stance. However, the volume-price structure is healthy, with increased volume during rises and decreased volume during drops, which is somewhat reassuring.
Going Long: At the current price of 90066, you can try going long with a small position. If it can break through the resistance level of 92095, you can increase your position, initially targeting 93926, then 96130; set a stop loss at 87688, and exit if it falls below that.
Going Short: In the short term, it is not advisable to blindly short unless the price breaks below the key support level of 88061, with strong support below at 85858. If you really want to short, you should wait for confirmation of the support break, otherwise, it is easy to be countered by bulls.
