February 28, 2026, Pancake Analysis

Today, PancakeSwap experienced a significant decline, primarily triggered by Israel's surprise attack on Iran and escalating Middle East conflicts. As a high-risk asset, PancakeSwap tends to withdraw funds during war panic, shifting investments into gold and the US dollar, causing its price to plummet rapidly. It broke through the 65,000 and 64,000 levels intraday, with a low near 63,000, indicating strong short-term selling pressure.

From a technical perspective, the market is dominated by bears with weak oscillations. The daily chart shows consecutive declines, with prices breaking multiple short-term moving averages. Previous support levels have turned into resistance, and rebound attempts are weak, quickly being crushed. This is a typical downward correction, not a reversal.

Key levels are very clear: strong support at 62,500-63,000. If this support fails, further declines are likely. Resistance levels are first at 65,000, then at 66,000-67,000.

Trading suggestions: Given the uncertain geopolitical situation and expected high weekend volatility, cautious traders should wait and observe until the situation clarifies before taking action. It is recommended to consider entering around 64,100-65,000 during rebounds, with targets at 62,800-62,000-61,000. Strict stop-losses are essential to prevent sudden news from triggering a sharp drop.

Overall, the market is under clear bearish pressure, with technical signals weakening. In the short term, expect sideways oscillation with a bias toward downside. The key factors to watch are whether the conflict escalates and whether the 63,000 support can hold.

This is only a personal suggestion for reference and does not constitute investment advice. Please follow Cheng Jingsheng and Shipan’s strategic layout for actual decisions! $BTC ‌#以色列突袭伊朗BTC短线跳水