From the perspective of the four-hour cycle of the pancake, the recent price has been testing the upper Bollinger Band with a strong momentum of consecutive bullish candles. Although it has slightly retreated due to short-term market pressure, I'm sure everyone can clearly feel that the overall bullish-bearish pattern has quietly completed its transition, and the dominance of the bulls is becoming increasingly clear.

In fact, this pullback doesn't need to be overly worried about; it is not a signal for a trend reversal, but rather a 'gentle adjustment' after a breakout — mainly to help the market digest short-term profit-taking chips, allowing for a more stable upward movement later on. Once this wave of adjustment is in place, it will be able to accumulate enough momentum to challenge the upper Bollinger Band and open up more upward space.

Trading suggestion: Place long orders around 110300-110800, targeting the 111800-113000 range. #btc