The midday pancake pullback deepened, dropping all the way down to the lowest point of 114100 before stabilizing and repairing. Currently, the market is oscillating around 114200. The price we gave earlier at 114700 for the current position was indeed a bit awkward for entry, but there hasn't been a slope signal in the market yet, so we still firmly hold our position. Trading in the market is just a matter of exchanging time for opportunity; we just need to maintain patience and wait for the market to unfold.

From the current perspective, the pancake range is oscillating, with the key level of 114000 showing strong support energy. During several dips from yesterday to today, this level has consistently formed effective support and pushed the market to stabilize and rise, indicating a concentrated release of buying power and strong defensive attributes in this area. Although the daily line is bearish, the trading volume has shrunk dramatically, suggesting that market sentiment is not unified. The market is still in a consolidation phase and does not indicate a reversal signal; this can also be clearly seen from the four-hour level, so our outlook remains unchanged in the afternoon.

Pancake: Around 114000, looking up to 116000. $BTC $ETH #加密市场反弹 #美国加征关税