Yesterday, the big cake was running a shock rebound trend during the day, and it started to adjust downward at night. The trends of Ethereum and big cake in the short-term time period are slightly different. Ethereum started a downward trend in the afternoon after rebounding in the Asian session. The opening of this adjustment of Hangzhou, Ethereum and cake are not synchronized in time. Today, we still focus on the trend of cake.

We talked about yesterday that cake has a tendency to start a downward band adjustment. When cake shows a downward adjustment, even if other varieties seem to have a rebound pattern, it is not suitable to layout a rebound. Even if cake has reached the short-term daily support level, it is still expected to fluctuate downward from the perspective of the pattern. The downward trend of cake in this band started last night. At present, the pattern has not been completed. It seems that it is expected to continue until the afternoon to start a larger rebound.

In terms of operation, pay attention to the turning point of 89800 in the morning. If it stands at this position in the short term, there will be another wave of upward rush. At present, it has reached the short-term support position of 87000 on the daily line. It can wait for another wave of downward movement during the Asian session during the day. In this way, it is confirmed in the pattern that the short-term rebound high-altitude layout can be continued.