Yesterday, the big pancake did not provide a significant pullback as expected, and the daily line still closed with an upper shadow. It is anticipated that the momentum will weaken over the weekend, with a rhythm of oscillation and correction. After taking a short position in the short term, watching for a consolidation and stop-loss in the evening, it was decisively suggested to go long, which generally aligns well with expectations.

The four-hour chart has been quite complex, with neither the long nor the short showing strong continuity. Coupled with a large volatility base, adjusting direction is what we need to focus on. A slow rise and a fast drop is a movement at the end of an uptrend while also marking the end of a correction. The K-line continues to contract around the upper and lower bands, so we cannot chase this rhythm; whether long or short, we must wait for a good position to follow up. Currently, we are at a high level, and after a weekend surge, we should look for opportunities to go short.

Operational Suggestions

On Saturday, go short around 98,000 for the big pancake, with a target near 96,500. For Ethereum, go short around 2,750, with attention on the lower level near 2,670. #BTC☀