7.14 Morning Pancake Auntie's Market Analysis

Looking back at yesterday's market, the price movements were quite dramatic. Bitcoin's price showed an initial rise followed by a decline. In the early hours, its price soared, reaching a peak of around 119,655, but quickly fell back under strong pressure. Currently, Bitcoin's price continues to retract, fluctuating around 118,880. Ethereum mirrored Bitcoin's trend, testing a high of 3,019 last night before retreating under pressure; the market later experienced a pullback, with the price dropping to around 2,930 before stabilizing.

After breaking the high point in the midnight session, the market immediately entered a gradual adjustment phase, which completely aligns with expectations. Currently, the bullish trend is running steadily, and the rhythm remains unchanged; we maintain a strong bullish stance on the short to mid-term market. From a structural perspective, after experiencing a previous cyclical adjustment, the market is once again demonstrating a strong consecutive rise, with ample bullish momentum and a clear structural context. The current high-level consolidation and correction essentially serve to build strength for future breakout momentum, with the technical foundation further solidifying in this process. It is important to clarify that all current pullback actions fall within the adjustment category and do not shake the foundation of the bullish trend. Moving forward, key attention should be on the strength of the second upward push and the timing of its initiation. Observing the small cycle trend, the correction steps have gradually taken shape; with this as support, there are no clear top signals appearing above, and there remains significant potential for further movement.

The pancake can be bought at 118,100 - 117,600, targeting around 12,000 - 12,880. The second pancake can be bought at 2,930 - 2,950, aiming for around 3,065.