$ETH Evening Thoughts:
For the second pancake, you only need to answer me if it's strong or not. Just go directly to above 2500 in the morning.
In fact, the second pancake is just waiting for a signal. As long as the first pancake can break through the new high or maintain a high position for a while, when you come back to look at the second pancake, it can soar to the sky, making you fearful.
The market isn't lacking money; it's just that since Trump took office, there has been too much uncertainty. Most whales and institutions are still in a wait-and-see state, waiting for a definite message to come out before you take a look.
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Speaking through the chart: The needle indicated by the yellow arrow at the hour level for the second pancake was not closed well. The longer the upper shadow, the greater the selling pressure above. If the second pancake can break through this needle, then it will take off soon.
The box drawn in the chart shows that the second pancake has been moving within this box and has just made a false breakout in the morning. Now it has returned to operate within the box. In fact, trading is very simple; just do the simple things simply, and don’t complicate it so much. Once the box is drawn, you just follow the trend on whichever side it breaks; if it doesn’t break or drop, just watch. If you're really anxious, just give yourself a couple of slaps.
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For the second pancake, break above 2465 with volume and chase long positions to the right, break below 2453 with volume and chase short positions to the right. Pay attention to observe changes in volume and maintain proper stop-losses.
For the second pancake at the hour level, a breakthrough at 2467 looks up to 2500-2547. As long as the second pancake breaks through 2500 and stays firm, 2547 is a must.
At the 4-hour level, if it drops below 2390, the second pancake should pull back and look down to 2345-2315. As long as 2315 does not break, there is not much of a problem.
Continuing to look at the chart: At the hour level for the second pancake, pay attention to this trend line drawn in the chart. As long as the pullback does not break below this trend line, the second pancake at the hour level still maintains a strong bullish trend. If it breaks and cannot recover on the rebound, you need to pay attention; if it breaks and cannot recover above the trend line, then this trend line becomes resistance. Only when it can recover above the trend line can the second pancake become strong. Draw it yourself.
What is a break? Regardless of how much the price spikes in between, as long as the closing price does not close below the trend line, it is not a break. Even if it spikes down to 1000, if the final closing price is still above the trend line, it is not a break. I hope my explanation is clear to everyone; if you don't understand, there's nothing I can do. I've tried my best; my expression ability is limited. Meeting adjourned.