10.6 Pancake Ether idea;

On one hand, after the price surged to 124,691.8, it significantly retraced and fell below the MA5. The drop in the past 24 hours from the peak is substantial, indicating a clear weakening of bullish momentum, while bearish forces begin to dominate the short-term trend. If the retracement continues, it is highly likely to test the previous low support level of 123,280.4.

On the other hand, technical indicators also support this judgment: Although the RSI is in a relatively strong zone, the bullish strength is nearing exhaustion, indicating a potential pullback; the MACD has formed a death cross and the green bars continue, clearly showing a weakening of short-term bullish momentum; the KDJ is in a neutral consolidation, and in the short-term oscillation pattern, the bears have a greater advantage. Overall, the short-term pullback trend is quite clear.

Operating idea:
The big pie can be arranged around 124500-125000, with the target looking towards 122000-124000, and a defense at 125500.

Ether can be arranged around 4590-4630, with a target looking towards 4200-4530, and defense at 4700.