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Wednesday analysis
The pancake fluctuated in an N-shape in the evening, showing a rebound but with weak momentum, overall cautious consolidation.
Short-term bullish momentum is weak, MACD double line is below the zero axis, green bars are shortening, bearish momentum is weakening but not reversing, the daily line has turned weak with a death cross, KDJ three lines are tangled, J value slightly rises but has not broken 50, short-term fluctuations lack direction, and there is a high probability of continuing to probe the bottom.
Operational Recommendations
BTC: Short in the range of 117500—118000, target 116000
Two cakes: short in the range of 3090-3120, target 3010#BTC