12.23 Monday Pancake Aunt's Market Trend Analysis:
From the daily chart showing six consecutive bearish candles, it is evident that the market's pullback has indeed altered the previous strong pattern. This continuous downward trend often indicates a shift in market sentiment and a weakening of bullish momentum. Therefore, it is crucial to closely monitor whether the previous lows can be held, as this will be one of the key factors determining the market's subsequent movements.
At the same time, the four-hour and hourly charts show a rebound supported by the lower boundary. This suggests that there may be some upward momentum in the short term, and traders might consider seizing this opportunity for short-term operations. There are still signs of volatility in the later period. First bullish then bearish, while maintaining a rebound strategy, be flexible in positioning and not limited to unilateral operations.
Pancake: 96800-97400 range, target 93000 to break and continue down to around 90000
Ethereum: 3370-3400 range, target 3200 to break and continue down to around 3000