The pancake surged in the morning, returning above 120,000, reaching a high of 1224. Currently, it has significantly pulled back to around 120,000 before the US market opens. In the short term, there are two support points: one at 1202 and another at 1190. If it continuously breaks below these support levels tonight, be cautious of a significant pullback risk. If these two positions are held, then it can continue to surge higher.

Ethereum is also continuing strong, surging to 4349 in the morning and reaching a new high. Currently, it has also significantly pulled back before the US market opens, down from 4349 to 4168, a pullback space of 180 points, which is a bit excessive. The lower supports remain at 4150-4160 and 4050-4060. Yesterday, it also surged after hitting 4160, breaking a new high. Similarly, if these two support points are continuously broken, be wary of a significant pullback risk occurring...

Especially with Ethereum, it is easy to see sharp dips at high levels. Don’t rush to chase it; you can wait for a dip position, as there will be opportunities.