Evening Thoughts

Today, BaiPan’s price action is a bit fierce. It surged all the way from around 7.5 in the morning to around 7.8. The intraday gain is nearly 3K. But by nightfall, at this level, it clearly started to hesitate and range; it’s not that kind of nonstop, straight-ahead “mighty charge” rhythm. The current area around 7.7 to 7.8 is the strong ya-li zone. People were trapped earlier after it kept dropping down, and now once it reaches here, some people want to push through, but it’s hard for it to break past in one single go. Most likely, it will keep ranging repeatedly, with a small pullback to digest the move; it’s difficult for it to keep running wild. Tonight, first watch for ranging and digestion. If 7.8 still isn’t broken, it’s likely to see a small pullback—so be cautious. Don’t chase / don’t chase “gao”.
Trading Suggestions:
Big Cake around 78500, target near 77000
ETH around 2420, target near 2340