The one-hour level trend of the pancake reveals the essence of the weak rebound vividly. The rebound starting from the position of 87263 lacks strength throughout, with key level 90000 being repeatedly hit without stabilization, which shows that the bulls' confidence is severely lacking.
Looking at the trend structure, there are higher peaks and lower troughs, indicating that bullish strength is gradually weakening. The upward momentum continues to deplete, and on the moving average level, bears dominate. MA7 and MA30 have both turned downwards, forming a strong suppression zone.
Every time the coin price slightly rebounds above the moving averages, it is quickly smashed back down by the bears. The short-term market has been completely taken over by the bears. Currently, there is no need for excessive thought in operations; abandon fantasies, and shorting in the short term is the only choice that aligns with the current trend.
Operation suggestion: Short near 90400-91000, looking down to around 88000-86800. If it breaks down, continue to look for 84000.
