#BTC #ETH The big pancake's midday market trend is relatively stable. After the early morning surge, it has entered a consolidation phase and is currently stabilizing around the 120000 mark, accumulating energy for future movements. In contrast, Ethereum's performance during the day has been particularly outstanding, showing an overall upward trend with consecutive breakthroughs of recent highs, currently reaching the 3674 line, demonstrating strong characteristics. Early in the morning, Lao Hu's suggested retracement strategy hit the rhythm as expected, and the positioned orders successfully captured a 2400-point space. Subsequently, he decisively reversed into the market, earning another 1400 points in profit. When opportunities arise in the market, it's crucial to keep pace with the rhythm; success comes naturally.

From the daily chart perspective, the strong rise of three consecutive bullish candles not only highlights the strong momentum of the big pancake but also recovers the losses from the previous high and subsequent decline. The price is gradually stabilizing around the 120000 mark, forming effective support. Although there was a pullback after the early morning market tested the highs, the retracement strength is noticeably weak. In the current market pattern led by the big pancake, such pullbacks are not a signal of momentum decay; instead, they become opportunities for the big pancake to build strength for future upward movements. The Bollinger Bands are expanding upwards, with the middle band support gradually rising, and the upward channel has been opened. The price is likely to continue its upward trend. Afternoon operations should primarily focus on retracement entries for the big pancake; currently, any pullback can be seen as a good opportunity to enter the market.

Operation Suggestions

The big pancake can be bought around 119500, with targets set at 121500—122000.

The instrument can be bought around 3640, with targets set at 3740.