Around 2370 for the second pancake, Qingtou is hovering near Qingcang 2370, while Zhisun is at 2390.

Qingcang at 2300; Zhisun at 2280.

For about a month, the second pancake has been wobbling between 2300 and 2380. The moving averages are intertwined and flattening out, with clear ranging-and-clearing (shakeout) characteristics.

Every time it approaches the upper edge, it gets pushed back; every time it nears the lower edge, it can be caught. Both sides have basically taken quite a few hits.

The half-year paid period for Qingtou hasn’t managed to force a fierce squeeze upward. And the momentum at Duotou has also been worn down into nothing while staying elevated.

The standoff between Chuanzi and Langzi has also fallen into a stalemate. The good news is that both sides are still talking; the bad news is that neither side is willing to concede first.

This kind of deadlock is just enough to explain why there isn’t an immediate breakout, but not enough to support a one-sided, continuous uptrend.

If this wave of market action has already shaken your mindset into pieces, with your last bullets—report back immediately! $ETH #特朗普5月13日访华