12.11 Pancake Thinking Analysis

From a technical structure analysis, the current 4-hour market has entered an adjustment phase after a round of rally. The short-term pullback has not been sustained, and the bearish strength is relatively weak, overall still showing a pattern of more ups than downs. This decline clearly belongs to the pullback adjustment after the rally and is not a signal of trend reversal.

After a brief surge, the market will inevitably undergo a correction process, requiring a certain degree of pullback to return to a reasonable technical structure. Therefore, the current decline, although present, lacks continuity and completely belongs to the normal technical category. Morning operations suggest continuing to adopt a low-buying approach.

Operation Suggestion: Around 90300-89700, with targets looking at around 91300-92500. $ETH #加密市场反弹 #美联储FOMC会议 #美SEC推动加密创新监管