The pancake has touched the 6H level channel pressure, and for now, we are not looking at a breakthrough. There is a certain probability that it is just hitting a short stop loss. Now is the time to enter a narrow loss short position. Ethereum is quite a headache; this short has hit a dead end.

If there is another breakthrough, there is a certain probability that it will follow a similar downward trend like the drop from 96800 to 89000. The drop from 96800 to 89000 was a downward process that turned into a bearish decline. So if it continues to break upwards here, it could potentially turn into a correction that resembles a bulldozer. Patience is required to wait for the short-term rebound at the 2-day line level to finish before going short, as chasing gains here may not have much profit space. It is safer to wait until the rebound is completely over before going short.

Currently, there are no good suggestions for short-term trades. Just take a look at how many influencers have failed on platforms like Plaza, Weibo, and X to gauge participation difficulties.