Pancake Early Morning Analysis:
Current Market Key Points:
• Short-term support is at 115,000; if it breaks, a pullback may occur.
• To continue rising, it must first break the previous high of 123,000; otherwise, it may consolidate.
Why is the long-term outlook bullish?
1. Major institutions (like MicroStrategy) are still buying aggressively.
2. The U.S. stablecoin bill has been passed, which is favorable for the market.
3. The Federal Reserve's interest rate cut cycle has begun, which may lead to continued capital inflow.
Operational Suggestions:
• Long positions around 117,000 to 116,500, target 119,500 to 120,500
