Looking back at the early morning big pancake market, it has been in a range-bound state, with several pullbacks and surges providing nearly a thousand-point space. It's up to everyone to seize this opportunity. Regarding the current market situation, Zhuo Wei's personal insight is to operate with a strategy of selling high and buying low. Doing so at lower levels has always been the main direction of our strategy, but remember not to take risks by bottom-fishing.
The 4-hour cycle technical analysis shows that the candlestick body has broken through yesterday's high, forming a significant bullish pattern, which is a key signal of enhanced bullish momentum. This indicates that buyer strength has exploded after consolidation. If the trading volume increases concurrently, it is expected to break through the upper resistance and open up upward space. On the hourly level, the Bollinger Bands are converging upward, with the middle band moving up and the distance between the upper and lower bands narrowing, indicating reduced market volatility, and a typical 'squeeze' pattern is emerging. The current price is above the middle band, suggesting a high probability of a directional choice in the short term, with a high likelihood of an upward breakout. In the morning, it is recommended to pay special attention to the breakout situation at the upper resistance level of the Bollinger Bands to confirm the continuation of the bullish trend.
Big pancake range 105500-105000, target 107000
Ethereum around 2400, target 2550
