9.23 Evening Analysis and Strategy of Xiaoyue

The large pancake is currently facing significant resistance around 113500, with multiple short-term attempts to break through failing, indicating strong pressure in that area. However, from an overall trend perspective, there are signs of stabilization in the market. It is suggested to gradually shift from the previous "short at high" strategy to a "long at low" strategy. In the evening, pay close attention to the pullback opportunity before the U.S. stock market opens; if the price retraces to around 112500 and shows strong support, consideration can be given to placing long positions.

The second contract is currently in a narrow consolidation phase at the 1-hour level, oscillating around 4190 points. The three lines of the Bollinger Bands are flat, reflecting a temporary balance of bullish and bearish forces. Short-term downward momentum has weakened somewhat, but the upper level of 4250 still poses certain pressure, while the lower level of 4160 serves as key support. In terms of operations, attention should be paid to the breakout situations at these two positions.

Bitcoin: A pullback to the 111860-112500 range can be gradually entered for a long position, targeting around 113600.
Two pancakes: If it stabilizes after retracing to the 4170-4127 area, you can take a light position to go long, targeting the 4277 line.