In the White-Pan stage, Big Pie and Ether have gradually stabilized after a pullback from below the key support levels, with the overall price action mainly characterized by a range-bound repair and a slightly upward trend; in the morning, Big Pie found buy support around the 68,200 area, while Ether, after halting its decline in the 2,080 zone, repeatedly consolidated within a range, gradually raising its operational center of gravity, and tested up to around the 69,200 and 2,130 areas before facing resistance and pulling back. From the performance on the “pan” side, the upward moves are more of a rhythmic push rather than a meaningful breakout; resistance remains present above at all times, and the market as a whole continues to pull back and forth within the range. Combined with the key levels provided in the morning, the price action has essentially unfolded according to expectations: the low-position long and taking profits completed realization after touching the pressure zone, and the rhythm has been relatively smooth.

　　From the current structure, the pullback after the short-term push higher further confirms the strength of the suppression at the 69,200 and 2,130 lines. The market has returned to trading around the mid-band and below; bullish momentum has somewhat weakened. However, the 68,000 and 2,080 area below still has a certain basis for support, and there has not been a sustained breakdown. Overall, the market remains in the pullback stage within a range-bound but still bullish structure. Next, focus on the effectiveness of Big Pie’s support at 68,000 and further on whether support around 67,500 can hold. If the pullback stabilizes and the price reclaims above 69,000, the structure still has the possibility of continuing to push higher; conversely, once there is an effective breakdown, the downside space will be opened. For Ether as well, continue to watch the 2,080 and 2,050 zones; once those levels are gradually lost, the short-term structure will weaken, and the market will most likely seek further support to the downside. Current price action is in the stage of re-selecting direction at a critical position, so the next move needs to be judged mainly by the gains and losses between support and resistance.#Gate广场四月发帖挑战 $BTC ‌