The trend of the large pancake is quite strong, after a rebound since early morning, the overall white pancake maintains a fluctuating upward rhythm. It seems that the trend is very strong, but several attempts to test the 72000 level in the evening still failed to break through effectively, entering the adjustment rhythm again. The point positions we follow for the white pancake are somewhat awkward, but fortunately, we timely adjusted the positions in the evening to take advantage of the rhythm, resulting in a subsequent wave of decline, successfully capturing a thousand-point gap and exiting. This fully reflects the core value of real-time navigation guidance and precise rhythm control in practical trading.

From the current pancake structure observation, the large pancake is in the high-level range consolidation stage. The multiple upward attempts have failed to form effective breakthroughs, and both sides are once again entering a tug-of-war game. The daily line level shows a small solid bullish candle, with the price fluctuation amplitude continuously narrowing compared to the previous period, and the trading volume also exhibiting a shrinking trend; the price relies on the EMA30 moving average to form short-term support, with last night's midnight pullback quickly recovering above that moving average, maintaining a complete support structure. Switching to the four-hour cycle, the price is overall constrained by the key resistance at 72000, and several attempts to test it have failed to establish a firm footing. The bullish momentum is continuously consumed, and the rebound strength is gradually diminishing, indicating a strong technical pullback demand in the short term. We can continue to look for opportunities to lay out the orange positions at midnight, observing the pullback strength and breakout conditions.

Large pancake: around 71600, looking down at 69500.

Auntie: around 2180, looking down at 2080. $BTC