Good morning, friends! The overnight Big Cake first completed a retest near 70,600, found support and stabilized; then it oscillated and repaired, returning to the 71,400 area. At that position, it met resistance, bore down and weakened again. As of now, it has returned to the vicinity of the 70,600 range and is trading sideways. The Yitai trend is consistent with Big Cake; after synchronously completing the adjustment, it is currently oscillating near the 2,190 line.

Judging from the current market structure, Big Cake is still in a weak pullback pattern. The overall trading sentiment in the weekend market is not good. Although the pace of the downside has slowed, the trend structure dominated by Kongo has not fundamentally changed. From the 4-hour level, this leg of decline was led by Kongo’s increased volume; during the process there were accompanying minor rebounds, but they were only a stage release of Doutou’s momentum and failed to reverse the trend. Overall, the downward structure remains intact and smooth. After the price ratio touched the lower band, it obtained a certain amount of support. In the short term, there is still a need to consolidate and build up momentum for oscillation. Combining the hourly level, the oscillation center continues to shift downward. After the fragmented K-line repair and adjustment during the midnight period, it failed to complete effective stabilization. In the morning, Kongo once again increased volume and pushed downward. The fast/slow lines and the KDJ three lines are about to form a death-cross resonance, further clarifying the market pullback requirement. Below, the primary thing to watch is the support effectiveness and breakout situation around the 70,000 integer level. The market will continue to revolve around rebounds as the pair follows after Kongo.

Big Cake: 71,000–71,500 Kongo, with a downside target of 69,000.
Yitai: 2,220–2,250 Kongo, with a downside target of 2,120.$BTC $ETH #Gate现货衍生品双双冲进全球前三 #Meta推出AI模型MuseSpark ‌ ‌