The big pancake broke through the high level and shook off the pace. Currently, the price is near 26,400, with a daily decline of nearly $1,000. The big pancake failed to find support near the support level. After the breakthrough, Mingjie led the students to directly short the big pancake for a 400-point space and a 1000+ space with a swing trading strategy. Currently, the trend is still falling, and the price is near 26,388.

From the current pace, it seems to be returning to the support level of 26,200 last Friday. If it breaks through, it will continue to be bearish. The daily K-line is approaching the middle track of the Bollinger Bands. Mingjie believes that support will be obtained near the middle track, initiating a rebound. The MACD bearish energy column continues to increase, and the downside space needs to be retraced to wait for consolidation before initiating a rebound. The evening strategy is mainly focused on going long at a low level.

Big pancake strategy: Go long near 26,200, target near 26,800

Ethereum strategy: Go long near 1560, target near 1610

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