In the morning, the large pancake led the way to surge and then pull back. In Pan Zhong, it first hesitated around 880 points, then around 800 points. After that, it continued to hover in the low range, and moreover, the overall trend structure is clearly biased to the upside. Once it breaks 821 again, it will inevitably head straight toward above 830. If it breaks, it comes up immediately, right? In the morning, 809 was just the pivot point where positions were already established; a cut of 2,900 points. So far today, the total cut is 4,580 points. This kind of sideways range oscillation: once a breakout occurs, the move will continue. That’s why in the morning live coverage we kept saying—if some level is broken, don’t stubbornly fight it. No matter whether it’s a “chop” (哆) or a “pull back” (箜), once key resistance or support is broken, then cut and follow through; if it goes the other way, it should go the other way too. Don’t keep resisting.

When you look back, is it just as we said…

The “chop head” once again broke to the upside. Although the strength was strong enough, volume increased too quickly and the amplitude was relatively large. Therefore it will likely first move into consolidation and then the upside push will be limited. The current high around 842 is exactly at the three-day line Bollinger Band corner, and also near the five-day line Bollinger Band corner around 847—two resistance levels. So at this high level you can take a short-term “chop” (箜). Looking back, around 731 is acceptable (the four-hour Bollinger lower band fill/repair area). After the gap is filled, then decide whether to take the next “chop” based on the力度 (strength).

Around 841 to 845 for the “chop” (箜), and if you want to watch the other side, then around 833 to 831 is fine. $BTC
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