Will the big pancake not reach 600,000 for a long time and have a callback? It's really getting more anxious the higher it goes. At this position, only a very small number of retail investors are rushing in, and some institutions have already stopped buying the big pancake. For them, this position may not be very cost-effective, and the fear and greed index has been hovering at high levels of 93 and 94 in the past two days. We really need to pay attention to the risk of a callback in the near future.

However, from a long-term perspective, things are looking better until February next year, as expectations are set here. Many listed companies are also preparing to enter the crypto space, like Microsoft, which will hold a shareholders' meeting next month to decide whether to buy the big pancake. I don't know if you have noticed, but other mainstream coins are starting to gain momentum too.

According to rumors, this mainstream coin may take off soon, so brothers must like, follow, and save this information, or you might not find it later. Over in the US, the SEC is negotiating with the issuer of the SOL spot ETF and has reportedly made significant progress. Everyone knows what the approval of an ETF represents. Moreover, Bitwise, a Wall Street giant that has already approved a big pancake ETF, has urgently established a Solana ETF trust. Everyone can pay special attention to this type of information, as well as some low-cap coins on the Solana chain, like Doge. In fact, the big pancake is so high now that it doesn't really concern us, and we don't dare to take action, right? While there's not much movement, it's worth paying more attention to the second-tier coins and other mainstream projects, as institutions may also turn to promote these or other quality mainstream projects.

Continuing today's daily $BTC market analysis, from the K-line perspective, the 1-hour level shows an upward trend, the 4-hour level is in a horizontal downtrend, the 12-hour level is weakly horizontal, and the daily level remains upward. The intraday resistance level is 100,000, and the support level is 95,800 dollars.