The large pancake is currently caught in a range-bound oscillation pattern, with prices repeatedly fluctuating between the key support level of 111,000 and the resistance level of 113,000.

Technical analysis: Short-term momentum is marginally increasing, with prices not only breaking through the short-term moving averages but also forming a bullish engulfing pattern; however, the extremely low trading volume has caused a divergence between price and volume, resulting in a lack of upward momentum, and the effectiveness of the trend reversal still needs further observation and verification.

On the daily level, it is still in the oscillation repair process following the previous sharp decline, with 2-hour candlesticks continuously closing higher and the highs and lows gradually rising, forming a bullish pattern in the short term, but the bearish pressure indicated by the daily MACD has not completely dissipated.

It is recommended to trade around 113500–113000, targeting near 111300, and to strictly maintain defense at #币安HODLer空投DOLO #比特币巨鲸换仓以太坊 #机构筹资布局SOL .