Big Cake Analysis!
Tonight, the big cake reached a low of 96400, and recently it surged up to around 99600, leaving a gap of 400 from the 100000 mark. The current drop is all about absorbing the short sellers' chips and then pushing up to 100000. A pullback is inevitable, and without fuel, we cannot surge. A pullback of nearly 5000 points is allowed.
Tonight, a drop to around 95700 is permitted, followed by a double bottom test on the 4-hour level before rising again. I have personally placed a long order for the big cake at 95700.
Those holding Ethereum need not panic; several mainstream coins are gradually reaching new highs and historical peaks, with only ETH and BNB lagging behind. Ethereum's first position at 3500 is definitely going to be reached, and then we will see if it can go above 4000.
