$CAKE
《Trend Changes — Cake Position Update》
The overall market has seen a slight rebound compared to yesterday, but the upward momentum has slowed down, insufficient to break through the overall market resistance level, leading to a stagnation in the rise.
In terms of Bitcoin's trend, there was a spike yesterday, raising the bottom slightly, with support around 93800 and resistance around 97500, showing a fluctuating upward trend. Bitcoin has been consolidating in the range of 92000 to 98000 for some time now.
Ethereum is similar, consolidating between 2500 and 2900. Currently, support is at the 2700 mark, with resistance around 2760, following Bitcoin in a fluctuating upward trend.
We added to our CAKE position near 2.5, reduced our position around 2.8, and subsequently, the additional buying position suggested was around 2.6, which has now successfully reached. If it can drop to around 2.05, we can continue to add to our position. The reduction position is tentatively set around 2.9, and any subsequent changes will be updated in a follow-up post.