The large pancake at #加密市场盘整 has currently pulled back to the support range of 102500-104000. If it effectively breaks below this range, the downside potential will be significant, with a dense accumulation area below at 96000-98000, which serves as the ultimate support and the last line of defense for the bulls.

In summary, if this range is broken, one should not easily go long; instead, it is advisable to monitor and continue viewing it from a fluctuation perspective, looking for lower entry points.

The intraday approach is to pay attention to whether 104000 can be reclaimed and stabilized. After reclaiming, the focus for subsequent layouts will still be on ETH and some relatively strong altcoins like AAVE and LINK.