Let's review the trend of the "big pancake" (referring to a cryptocurrency) yesterday. Yesterday, the big pancake was sold for 37343 in a 5-minute short position at around 8 o'clock in the morning. In the afternoon, it changed from a short position to a long position at 36868 around 1 o'clock, which basically matched the expected upward trend in the morning. However, what exceeded expectations was the direct large volume increase in the 5-minute long position, approaching the previous high of 38377, with a difference of less than 50 points from the previous high. The closer it gets to the high point, the more attention is needed, as the big pancake may make a small turn before breaking the new high and going directly downwards. Therefore, it is important to focus on whether a 5-minute long position will occur during the day.

The current trend of the big pancake is quite uncertain, and extra attention is needed for contract trading to ensure protection!

Returning to today's topic, ETH's trend is generally weak, linked to the big pancake. From the perspective of the daily chart at a higher level, the general direction has certainly not been completed, and there is still an expectation to break the high point of the daily chart at 2141. As for how it will break, whether it will break directly or gather strength before breaking, it is necessary to observe and judge on the 4-hour and 30-minute charts.

First, let's look at the 4-hour chart. A new center is being constructed at the 4-hour level, and the current trend is a downward segment from a long position to a short position. Next, what we need to focus on is when the downward segment will end and form the third segment of the center, also known as the buy point when the center leaves the segment. Once the buy point when the center leaves the segment is established, it should move towards the previous high. To judge whether the downward segment has ended, it is necessary to observe and judge the trend type on the sub-level 30-minute chart. Once a buy point appears in the trend type of the 30-minute downward segment, positions can be gradually replenished.

Now, let's look at the 30-minute chart. The 30-minute level is still oscillating within the center. What needs to be focused on is that the current center has oscillated to the eighth segment upwards, and is about to form the ninth segment of the center, corresponding to the buy point of the third segment of the center at the 4-hour level. Therefore, regardless of whether the ninth segment of the downward trend in the future breaks the new low, as long as a range-bound structure appears within the downward segment, positions should be gradually replenished.

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