12.8 Qin Feng Evening Pancake Strategy

After the intraday pancake rose to around 92200, the upward momentum showed signs of fatigue. The bullish volume on the hourly level is gradually weakening, the KDJ indicator has turned down after a golden cross at a high position, and the 4-hour MACD is also facing the risk of a dead cross. Short-term pullback pressure is prominent, and one can layout short positions near critical resistance levels during a rebound to capture profit opportunities from the downward movement.

$BTC can short near the 92800-91800 range, with a target of breaking down continuously to around 91000-90000 and further down to #BTC走势分析 .