Ai Yu 7.5 Midday Silk Road:

After the early pancake ended, the big pancake once again tested the bottom, reaching the 107200 mark and gaining support to stabilize. The movement of the second pancake is highly correlated with that of the big pancake, also showing a rebound after dipping to the low point of 2473. The current market is exhibiting a stepped oscillating downward trend. Although it briefly broke through key support levels, it has not formed a sustainable downward trend.

From the current pancake observation, after a continuous day of positive rebounds in the big pancake, it is now significantly under pressure at the upper Bollinger Band. Whenever it touches key resistance levels, it quickly turns into a downward trend, indicating strong selling pressure above, and the upward momentum is hindered. Yesterday's significant drop directly wiped out nearly half of the previous gains. A strong bearish candle pierced through the trend line, completely breaking the rhythm of the previous continuous upward trend.

On the four-hour chart, after reaching the key support level of 107000, a technical recovery occurred. It is currently positioned right on the previous continuous upward trend line. If subsequent K-lines continue to close below this trend line, the overall trend will likely maintain a weak pattern. Therefore, it is advised to primarily focus on rebounds for operations.

The big pancake can be traded in the range of 108500-109000, watching around 107000.

The second pancake can be traded in the range of 2530-2550, watching around 2420 #BTC $ETH