As the price of the cake continues to rise, the current risk factor is significantly increasing. Although the cake maintains an upward trend due to strong momentum, the potential risks cannot be ignored, and there is a demand for a short-term pullback correction.

After experiencing fluctuations and adjustments yesterday, the Bitcoin has ushered in a new round of volatility in the early morning. It first attempted to break through the 105150 level, and then entered a mode of oscillation and correction. In the morning, it dipped to a low point of 103300.
Influenced by the market's further reduction in expectations for interest rate cuts, a certain degree of correction appeared in the morning session. The upper band of the Bollinger Bands shows a clear downward trend over the past 4 hours, indicating strong resistance above; although the bullish momentum is slightly dominant in the short term, the market as a whole remains in a state of stalemate.
Ethereum is relatively strong, with bulls pushing the price up to the 2608 level, currently maintaining a consolidation above 2500. The magnitude and range of the current pullback are relatively limited. This pullback essentially represents a normal correction within the upward trend and will not change its long-term upward trend pattern.
At present, the pressure on Bitcoin is at the 108,000 level, with short-term support at
102000 first line; Ethereum pressure at 2800, strong support at 2300 first line