Pancake/Ethereum K-line patterns show a continuous decline in recent prices at the daily level, forming a clear bearish trend. Two consecutive days of large bearish candles, accompanied by long upper shadows, indicate heavy selling pressure above. In the 4-hour cycle, the current K-line is in a state of consolidation, but overall it remains within a descending channel. In terms of technical indicators in the 4-hour cycle, the DIF and DEA continue to be below the zero axis, and the histogram has slightly shrunk after expanding, indicating that the bearish strength has weakened but has not yet reversed, waiting for a rebound in the market before a drop.

Trading suggestions BTC: range around 106300 to 106800, target around 104000; ETH: range around 2640 to 2660, target around 2580. $BTC