The pancake has been hovering at a high level for a long time, and the daily line is about to reach the MACD change point, so a short-term direction needs to be chosen soon.

There is some support from moving averages around the 2-day and 3-day lines, probably around 102000, and the daily line's movement will also affect the closing of these several cycles.

So the change point is in the next few days.

But the problem is that the indicators are still diverging, and most have started to move downward, with Ethereum clearly weakening on the 4-hour chart, and the US stock market is also beginning to tire.

Although Trump is still calling out trades at a high level, whether in the stock market or cryptocurrency, the market's reaction has been very limited; he might be quietly offloading himself.

To summarize: The probability of a downward movement after a high-level oscillation is increasing, so caution is needed.