Good morning, friends! The firmness of the midnight pancake is somewhat beyond our expectations, having stabilized and repaired after a minimum retracement to around 108600. However, the over 400-point drop certainly cannot satisfy us. Currently, we still firmly hold onto the long position, and there is no need to worry too much before the market shows a change in signal. Maintain patience and continue to look downward.
From the current market perspective, the daily high points are gradually moving lower, with alternating K-line patterns continuing the oscillating downward rhythm. Several upward attempts have failed to form an effective breakthrough, and the situation has basically become clear. From the hourly perspective, the market's volatility is gradually narrowing, and the tug-of-war has reached a fever pitch, with a strong resistance at 109600 above. Our bearish outlook remains unchanged until this level is broken; the early market setup can continue to be conducted with caution.
Pancake: 109200~109500 range, looking down to 107200.
Aunt: 2630~2650 range, looking down to 2520. #美国加征关税 #比特币巨鲸动向 $BTC $ETH
