Yesterday, the market experienced a significant fall across the board, triggering nearly 1 billion in leverage to be liquidated in a new round of accelerated declines.

After the pancake reached the 91955 line on Sunday night, it officially began a fluctuating downward trend. By noon, it had fallen to the 85570 line, and during the early morning period, it dropped further to the 83780 line, currently fluctuating around 86500. From a four-hour perspective, it has been in a unilateral downward trend throughout yesterday, and several Fan rebound corrections during this period have failed to change the overall weak pattern. More critically, the volume during the Fan rebound process has consistently shown a trend of continuous shrinkage. This divergence between volume and price during the weak Fan rebound indicates that the short-term situation is still in a weak fluctuating trend, and it should not be misjudged as a trend reversal signal. The risk of blindly chasing long positions is extremely high.
Ethereum has also fallen into a volatile downturn. In the short term, it is highly likely to maintain low-level oscillation and consolidation, making it difficult to quickly return to the previous high point range.
Currently, the strong resistance for the pancake is at the 80,000 level, and the strong support is at the 90,000 level: the strong resistance for Ethereum is at the 3,000 level, and the support is at the 2,600 level.
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