$ETH Evening Thoughts:
The second pancake seems to have been forcefully pulled up by the first pancake, but it doesn’t really want to stand up and prefers to remain lying down. However, the big brother personally came to help, and the second pancake somewhat gives face and symbolically stands up a bit.
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Speaking through the chart: The second pancake on the hourly level seems to want to draw a door. Please remember that the second pancake's family runs a door and window factory. For the second pancake to draw a door, it first needs to break below 2500 to draw it more smoothly; otherwise, it’s meaningless to push halfway and might as well be straightforward and clean.
The second pancake breaks through 2533 with volume to chase long positions on the right; breaks below 2512 with volume to chase short positions on the right. Pay attention to observe changes in volume and set proper stop losses.
The second pancake on the hourly level looks up to 2584-2616 upon breaking 2551.
On the 4-hour level, if it breaks below 2491, look down to 2445-2405.
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On the 4-hour level, the yellow arrow points to this bearish candle. If there isn’t a single bullish candle in the 4-hour level that can engulf this bearish candle, or if the closing price does not close above this bullish candle, then we will continue to revolve around this bearish candle in a pregnant line pattern. Looking at the two K-lines circled in yellow, both have left upper shadows, indicating selling pressure above. Currently, the market is highly volatile, so set proper stop losses, and dismiss the meeting.