$ETH Evening Thoughts:
When the big pancake pulls up, why does the second pancake wilt at that moment? You must have heard this saying: Stay to the side, there's a convoy behind.
Don't say you haven't heard this saying. When the big brother arrives, shouldn't you, the eternal second, give way to the big brother? If you don’t give way, won’t the big brother deal with you? It’s just that simple. Only when the big brother has passed can it be your turn to take the second pancake. By then, you can go however you want, no one will care about you.
However, at this moment, you must give way to let the big pancake go first; all road rights and resources must be prioritized for the big pancake. The big pancake is just that powerful.
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Talking with pictures: The daily level of the second pancake is my personal subjective opinion: I also carved a boat pointing to the left white arrow segment of this market, and the right side of this market looks surprisingly similar. What do you think, everyone?
As long as the second pancake can break and stand firmly above the upper boundary of the box drawn in the picture, it must follow the left side of this market looking towards the previous high. I don’t know if my boat carving for the sword can succeed; if it can’t break, it will continue to move within this box's fluctuation.
The second pancake breaks out with volume at 2419, chasing long on the right side; if it breaks down with volume at 2408, chase short on the right side. Pay attention to observe the changes in volume and set good stop losses.
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The second pancake's hourly level breaks and stabilizes at 2449, looking upwards at 2484-2510. If it cannot break, it will always be these two positions.
At the 4-hour level, if it breaks down at 2392, look down at 2362-2315. As long as 2315 is not broken, you can rest assured that nothing will happen.
Continue to look at the picture: The second pancake's hourly level Fibonacci just retreated to the 61.8 position! In fact, a retreat to the 50 position at 2339 for the second pancake is also acceptable. After all, it has risen from 2189 to the highest 2480 without a single retreat. After the retreat is complete, continue to look upwards at the Fibonacci 1:1 target position of 2568. Meeting adjourned.
