Big pancake (BTC), and second pancake (ETH) as well: the overall direction is still more bullish.
First, let’s talk about BTC.
Big pancake has now entered a very critical position.
After the breakout earlier, the price is currently consolidating around 86K. The main resistance zone to watch above is 87K—88K.
If it can continue to break out here with increased volume, the next step for the market will start looking at the 90K—92K area.
Right now, many analysts also view 90K as the next important test for this leg of the uptrend.
So I won’t start guessing the top just because BTC has already risen a lot.
What strong markets fear most is getting short halfway through.
On the downside, I mainly want to see whether 85K can hold.
As long as after a pullback it can still stand back above, then the current upward structure hasn’t been broken.
If there is a short-term shakeout, I would actually first observe the support rather than immediately assume the trend is over.
ETH is the same today.
Second pancake is currently trading above 2700, and the short term has already entered the pressure area we’ve been watching.
Right now the key is:
Can 2700 turn into support, and can 2800 be broken through?
If ETH can effectively break above 2800, and after breaking out it doesn’t immediately fall back, then the market will next continue to look toward around 3000.
However, at 2800 I will still anticipate a possible shakeout.
Because the closer the price gets to a major resistance level, profit-taking and shorts will both start increasing.
So my approach isn’t to chase the rally,
but rather:
Hold above 2700 → break above 2800 → then look at 3000.
If the push higher fails, wait for the pullback to confirm.
$BTC $ETH