The bearish outlook presented from midnight to morning with the number $ETH has completely collapsed. Recently, the overall market has basically shown a pattern of rising and then falling within a range. Neither bulls nor bears have provided any substantial breakthroughs, maintaining a back-and-forth struggle within the range. The big pancake price has once again broken through the 119000 line, and we have placed bearish positions accordingly. Currently, the big pancake price has fallen below 117000. The principle is not to go long at high positions and not to go short at low positions; pursuing shorts now would clearly be irrational. Old Chen suggests that in the current situation, we should first pay attention to the strength of any pullbacks, with the first support level at 116500 and the second support level at 115500. If there is an effective breakthrough, we can follow the trend and go short accordingly. #巨鲸动向 #Strategy增持比特币 #加密立法新纪元