Currently, the price of the second pancake is around 2930, in the consolidation phase after falling from the 24-hour high of 3050. The overall decline is limited, and the market remains within a strong correction range.

From the four-hour K-line structure, the price is currently operating near the lower band of the Bollinger Bands, with a clear support established at the lower band. Short-term downward space is expected to be limited. Previously, the price briefly broke above the upper band and then retraced, which is a normal technical correction within the Bollinger Channel. At the same time, the previous low of 2890 and the recent 24-hour low of 2910 form a small-cycle double bottom structure, indicating initial technical signals for a rebound and correction.

Overall, the current consolidation can be seen as a healthy pullback during an upward trend, with support levels gradually strengthening. The technical outlook remains positive, and there is still potential for upward recovery.

It is recommended to go long around 2900 to 2930, with the first target at 3030, and a breakout to the upside towards 3160.