The second pancake does not need to be viewed as bearish due to the current short-term pullback, the four-hour overall upward trend has not been broken, earlier supported by the middle band to form a continuous rally, and now it is consolidating sideways, merely accumulating momentum for the subsequent rise.

High-position chips have been digested over several days, most investors' cost basis in the market has been raised, and resistance above has naturally weakened. Going forward, focus on the validity of the Bollinger middle band support; a stable close with a positive candle can be seen as bullish for a push higher. The medium- to long-term bullish outlook remains unchanged.

Trading suggestions: For aggressive traders, buy at the current price; for conservative traders, buy around 1770-1750, aiming for a rise to 1820-1850; break levels at 1890 and 1950, with a long-term target of 2100. Defensive positioning depends #币圈 on your own holdings.