The large pancake is expected to rebound after a midnight downward probe, with strong momentum lifting it. The price ratio returned to 103,000 before experiencing a slight pullback, but the space is limited. The large pancake continues to gain strength, reaching a high of 106,050 so far. The strategy we provided last night has been validated, with the large pancake giving a space of 5,000 points upon entry, and the Ethereum strategy also providing more than 200 points of space. I wonder if everyone has grasped this wave of market sentiment. When the market is so easy to navigate, we must not be timid; we should firmly choose our direction, select the right timing for entry, and take action promptly.

From a technical perspective, the four-hour price ratio has broken through the mid-channel pressure, establishing a continuous upward posture. It has recovered the short bullish K line's lower shadow. Looking at the hourly structure, the price ratio did not give much room for pullback after a strong surge at midnight, instead opting for a slightly slower oscillating upward structure. In the short term, the resistance level of 103,000 has been breached, and the large pancake has sufficient momentum, with the upper space gradually narrowing. The market may test the 106,000 level, and we will see if the price ratio can stabilize around 105,000 to launch another upward attack. Conversely, the price ratio may provide pullback space around the downward trend. In terms of operations, we can wait for this wave of market sentiment to develop, taking positions at high levels while also reminding everyone that current market volatility is significant, so we should strengthen our attention to trends and adjust accordingly.

Large Pancake: Positioning around 106,000-105,500, target looking down at around 104,000.

Ethereum: Positioning around 2,450-2,420, target looking down at around 2,320.