The large pancake (大饼) has once again stretched at dawn, returning to the vicinity of 99400. This is also our strategy for placing long orders. The large pancake continues to test the upward pressure, so the stretch is inevitable. Currently, there is still pressure above; every time it approaches the 100000 mark, it begins to retreat. So, it is currently hovering around this area—will it continue the previous pattern of pressure and retreat, or will it strongly break through the 100000 mark?

The large pancake has seen two consecutive daily gains, and the overall structure is starting to rebound. However, it has now reached the previously high parallel position. If it cannot break through, it is highly likely to continue moving within the range. If it strongly breaks through the 100000 mark, it would indicate strong bullish momentum, and it would not be too late to chase long positions.

Large pancake short at 99600-99800, focus on 98000.

Ethereum short at 3500-3520, focus on 3440.