After talking about the pancake, let's talk about Ethereum. The fluctuations are really big: it dropped 260 points from 4480 to 4220, then rebounded 160 points from 4220 to 4380. This morning, after the daily close, it entered a downward mode, dropping from 4350 to 4190, already down 160 points...

During yesterday's US market phase, Ethereum's rebound was also strong, but unfortunately, it didn't hold the close and continued to move downward. Now it can't stay above 4370; this position must be stabilized, otherwise, the bulls seem relatively weak.

Similarly, on the 4-hour level, it has consumed the rebound amplitude, forming an engulfing pattern, and has broken below yesterday's low, temporarily reaching 4192. Therefore, after a pullback, priority should be given to shorting, and depending on the specific closing situation, we can consider going long.

Ethereum is highly volatile, so consider entering in batches at 4270-4310, with a target down to 4200-4160. If there is an opportunity to reach 4050, we can take a position.