Currently, the pancake price is above 97000 again. In the short term, focus on the resistance level at the previous high of 97800. If the rebound does not break this level, there is still a possibility of a pullback. After all, such a rapid price surge tends to be followed by a quick decline. The strength of the current rebound also shows signs of weakening. As usual, do not chase after rising prices or panic sell! If the price cannot break through and refresh the previous high, it is likely to move within a range for correction. Therefore, in short-term operations, it is recommended to continue entering short positions and look for a pullback!
On Wednesday afternoon, aggressive traders can short directly around the current price of 97300, with support levels at 95000 and 93000 below, and a stop loss above 98000. Ethereum has not shown significant changes, continue to refer to the concentrated pressure area of 1830-1850 for short positions, and look down to 1700-1730 unchanged!
