Big Cake is seeing a round of upward push late tonight. After the price comparison made a second probe to test the resistance near the previous high at 73,200, it was unable to hold and pulled back under pressure. The current pullback has reached the 72,600 area, entering a consolidation and adjustment phase. During the day, we publicly provided three pending order strategies. Two of them have already been executed smoothly for profits, totaling nearly 2,000 points locked in. During the late-night rally phase, our firm has already completed the third pending-order placement as well. We entered with Big Cake around 72,800 and Ether around 2,240. Just keep patience—wait for the market to pull back.

From the current order book picture, Big Cake’s late-night rally looks like a strong “bull head” push at first glance, but in reality the effective upward pending-order potential is limited. After the price comparison pierced the previous high, it failed to stand firm on increased volume. This is a typical false breakout action and has not broken the high-level consolidation structure of this cycle. On the four-hour timeframe, during the market’s attempts to push higher, both times it ran into resistance and pulled back after testing the 73,000 psychological level. The high points closed with clear long upper wicks, forming a distinct short-term double-top suppression structure. The fast and slow lines remain tightly stuck together at high levels, moving sideways and flattening. The market’s new highs have not been accompanied by a synchronized rise in momentum—signs of a bearish divergence have already started to show. The “bull head” upward momentum has clear marginal weakening, and there is a strong technical need for a pullback and correction afterward. Combined with the hourly timeframe, the rhythm of this cycle’s long run of consecutive bullish pushes has been concluded, and the market has entered a high-level consolidation and adjustment phase. During the upward move, the “bull head” volume has continued to shrink. The follow-through order book and buy-side order book have not had sufficient carry-through/absorption strength, so it cannot support a sustained, one-way continuation of the uptrend. Although the Bollinger Bands show a “bull head” pattern with three lines opening upward, after the price comparison briefly broke above the upper band it quickly fell back, forming a stage strong resistance. If subsequent rebounds fail to effectively break through this level, the market will again provide a pullback correction—so for the midnight layout, we keep the outlook on “candlestick thinking” unchanged.

Big Cake: around 73,000 points pullback, with a downside target of 71,500.
Ether: around 2,250 points pullback, with a downside target of 2,180. $BTC $ETH #Gate现货衍生品双双冲进全球前三 #Meta推出AI模型MuseSpark