Good morning, friends! After two days of high-level consolidation over the weekend, while the bullish momentum of the pancake has slightly slowed compared to the previous period, it still maintains a strong reserve of momentum overall. It is noteworthy that the current lower support level and the phase high point are both showing varying degrees of upward movement, clearly outlining the oscillating upward rhythm.
From the four-hour technical chart, the Bollinger Bands are in a state of contraction, indicating that the market is in a phase of potential directional selection. The price is facing significant resistance around the 105000 line, and the candlestick pattern shows alternating highs and lows, which, rather than being a drawback, provides potential momentum for a subsequent breakout. Combining the current market structure's upward rhythm with the signals from technical indicators, we maintain an optimistic outlook on the continuation of bullish strength.
In terms of early trading strategy, it is recommended to continue with a low-buy approach, seizing retracement opportunities within the oscillation range, with a focus on the effective support strength and confirmation of breakout signals. The market often nurtures a new trend starting point during the accumulation process, so maintaining tracking of the bullish structure and operating principles in line with the trend is expected to capture the benefits of trend continuation in the subsequent market.
Pancake buy near 103000-103500, looking towards 105000.
Ethereum buy near 2450-2480, looking towards 2650.
