Pancake Morning Outlook:

- If it can steadily stand above 118500, it might be worth trying a small long position aiming for 11950, with a stop loss at 11750.

- If the rebound to around 119800 is a bit difficult, a short position can be considered at 11850, with a stop loss at 120300.

On the Ethereum side:

- If it breaks above 3330 and holds, chase the long position targeting 3400, with a stop loss at 3300.

- If it accidentally falls below 3300, a short position can target 3280, with a stop loss at 3320.