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The pancake experienced a slight pullback since last night, with the low touching the 86,840 level, followed by a rebound to above 88,300 for consolidation. As the weekend approaches, market sentiment has become more cautious, and the fluctuation range has narrowed. On the weekly chart, the pancake remains in a high-level narrow range with no clear breakout signal. Overall, the pancake continues to rise and test highs amid oscillation, showing a trend of oscillating strength. The downward momentum on the daily chart has weakened, and although there is some resistance near the midline, the rhythm of oscillating upward has not been broken.
Ethereum's movement shows a certain correlation with the pancake, mainly following a "sideways correction and adjustment" gradual rise pattern. It should be noted that, in the short term, Ethereum has not formed a strong one-sided trend but maintains a back-and-forth tug-of-war pattern.
Currently, the pancake faces resistance at the 90,000 level and support at 85,000; Ethereum's strong resistance is at 3,200, with short-term support at 2,800.