In the 1-hour level of the pancake, the Bollinger Bands are showing a short-term structure of 'lid pressing down + bottom supporting'. The upper and middle bands continue to press down, like a lid locking the rebound height. The lower band is rising, like a bottom barely supporting the base. When the price rebounds from 112500, the K-line 'tiptoes to touch the high', but the trading volume is weak, still digesting the increased selling pressure during the downward phase. The rebound feels more like a 'passive filling of a pit' rather than an active breakout. Only if the volume can overturn the upper Bollinger Band, will there be hope to open an upward channel; otherwise, once the middle band support breaks, it will again move down to oscillate and grind at low levels. $ETH #加密市场回调 $BTC