Pancake and Two Pancakes Morning Analysis

Operation Suggestion #BTC #ETH

Pancake: 89500-90500 Long, watch 92000, 93000;

Ethereum: 3050 - 3100 Long, watch 3200, 3260.

Currently in a brief corrective repair cycle, downward momentum has shown clear signs of exhaustion, and the characteristics of a stage bottom are gradually emerging.

From the four-hour level, it has consistently maintained operation above the middle track of the Bollinger Bands. Although there have been multiple tests of the middle track's resistance during this period, each drop has been quickly absorbed, and the bears have consistently failed to break through this key support level. This fully indicates that the current pullback is merely a corrective adjustment during the upward trend, not a reversal; the bullish foundation remains solid, and a subsequent rebound is imminent.

Looking at the hourly level, the trend has quietly built a W bottom shape, currently in the pressure drop stage at the neckline of the formation. Combining with changes in trading volume, this pullback has not been accompanied by increased volume, which is a typical power accumulation adjustment. It is expected that after reaching the lower support level, a new round of strong bullish momentum will quickly commence.