The large pancake and Ethereum experienced a strong rebound at midnight, but the continuation momentum in the morning was lacking, and overall it remains in a range-bound oscillation pattern. This kind of tug-of-war slow oscillation is not a reversal signal; the bearish trend has not changed at all.

In the short term, the Bollinger Bands are beginning to tighten, with prices repeatedly vying between the upper and lower bands, which is also a secondary confirmation process for the high point of wave B. The short-term back-and-forth is actually building momentum for a subsequent one-sided trend.

From the analysis of the weekly and daily candlestick patterns, it is more inclined towards a further breakdown adjustment after consolidation, opening up downward space.

Thursday afternoon trading suggestions

Set short positions below Bitcoin 114500, targeting 112000.

Short Ethereum near the 4350-4400 range, targeting around 4180.#BNB创新高