$ETH Evening Thoughts:
Can the second pancake have a wave of rebound to let everyone take a bite while you are falling? Don't keep going down in a step-like manner; can you fall after stepping on one more stair?
As I said yesterday, the exchange rate of the second pancake can't hold up anymore; how much longer can the second pancake stay strong? The exchange rate of the second pancake is equivalent to the foundation of a tall building. If the foundation is about to collapse, can you say the tall building won't be on the verge of collapse?
Some students always want to get better, but they don't want to work hard themselves; I don't know why.
And some students always like to stand on this mountain looking at that mountain, do you know that the height of that mountain you can see now is because you are standing on this mountain? Do you want to know what is behind that mountain?
Then I tell you, behind that mountain is a bottomless abyss. Don't always think about what's in the bowl while looking at what's in the pot; in the end, you may not even get what's in the bowl, understand the meaning of these words.
⛄
Talking through the chart: The second pancake on the hourly level is now undergoing a consolidation after a decline, and it's time to choose a direction again. It seems that the second pancake does not want to choose upwards; it has a bit of momentum to continue squatting down.
When the second pancake has not successfully chosen a direction, it will continue to fluctuate around the range of 2300-2232 until a direction is established. You can do high selling and low buying around this range.
When the second pancake breaks through 2268 with volume, chase long positions to catch the rebound; when it breaks down 2233 with volume, chase short positions. Pay attention to volume changes and set stop-losses.
⛄
The second pancake can only look upwards to 2315-2350 if it breaks through 2280; if it cannot break through 2280, it's just useless.
On the 4-hour level, if 2244 breaks down and does not recover, there are two brothers waiting for you at 2183-2137, hoping that 2244 can hold.
Continuing to look at the chart: The support drawn in the daily chart for the second pancake has been completely broken, and the entity closing price is below 2320. Tomorrow, the closing price of the second pancake on the daily level must not close above 2320; this wave of bullish trend for the second pancake has ended.
Don't hold any more hopes for the second pancake; it's all despair. I don't know how the students who are stuck in spot prices above 3000 feel now. Are there any students stuck in spot prices above 3000? Share your thoughts in the comments section. Meeting adjourned.