The price of pancake dropped to around 115100 before stabilizing, and then immediately rebounded to 116050. However, the bears quickly counterattacked, causing most of the gains to be wiped out. The performance of the instrument moved in sync with the pancake, retracing to 4575 in the early morning and gaining support, then rebounding to around 4635 before quickly facing downward pressure.

From the 4-hour K-line trend, the market, after a round of strong upward movement, clearly faced downward pressure near the key resistance level of 116605. The price attempted to break through this area multiple times but failed to form an effective breakthrough, subsequently entering a pattern of sideways downward movement. During the weekend, the strength of the rebound continued to weaken, accompanied by gradually shrinking trading volume, indicating insufficient buying momentum in the market and a significant decrease in buying willingness. In the early morning session, it is recommended to maintain a bearish outlook and pay attention to the performance of support below.

Bitcoin positions were laid out around 115500 in the early morning with a target of around 113500.

Ethereum positions were laid out in the 4620-4650 range in the early morning with a target of around 4500 #MichaelSaylor暗示增持BTC $BTC