Analysis of the 12.12 Pancake Trading Strategy

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Market Analysis and Trading Strategy

From the perspective of multi-timeframe interaction, the daily price level touched the upper band and fell under pressure. For a short-term effective breakthrough, sustained momentum support is needed; after a morning peak at the short-term high on the 4-hour chart, it also faced a pullback, with the K-line forming multiple tops in resistance with previous highs, and the double bearish candlesticks dominating the market, although there is still some downward momentum within the day. However, the overall market is running above the middle band of the 4-hour Bollinger Bands, with all three bands trending upwards, the middle band providing support and the upper band providing resistance, indicating that the bullish trend has not completely weakened.

The 1-hour level shows a strong oscillation pattern, with the Bollinger Bands opening wider. In terms of technical indicators, the KDJ indicator's K-line has formed a nascent golden cross below the D-line, and the J value is turning upwards from a low position, indicating strong short-term rebound momentum; the RSI is in the neutral to strong range of 50-70, not yet entering the overbought zone, suggesting that there is still upward space; the MACD fast and slow lines are below the zero axis and are turning upwards, with the volume bars continuing to expand, indicating that bullish momentum is still being released. Additionally, the linkage between the second pancake and the large pancake is significant, maintaining a synchronized trend.

For short-term operations in the evening, the large pancake can be ambushed for long positions near the area around 91500, with the stop-loss point set below the middle band at 89500. During this time, a long position of 1000-1500 points can be adjusted once based on the increase, with target levels looking to reach 92500 and 93500 in batches! #BTC #ETH