The large pancake has started to rebound on the daily chart, and has completely engulfed yesterday's small bearish candle, indicating that the bulls are still quite capable of recovering. On the hourly chart, the large pancake has broken through the middle track from the lower track, showing signs of divergence. The large pancake has once again reached the high point of the downward channel. Currently, it is still advisable to short at high levels. If the large pancake fails to break through, it will continue to follow the downward channel. Conversely, if it breaks through, there will also be a continuation, and it won't be too late to switch to a long position. There are opportunities both for attack and for defense, so it's important to proceed steadily. Seizing every opportunity is a step towards progress!

Operation Suggestions

Short the large pancake around 93300, target 91500

Short Ethereum around 3440, target 3370