Pancake Early Morning Strategy Analysis
Bitcoin has broken through previous high resistance with two consecutive bullish candles, currently oscillating above 115000, and the increasing volume indicates that the main force has not exited the market but is instead pushing and washing, with market sentiment being strong. However, there are signs of a cooling short-term momentum, and the rhythm has entered the first high-level consolidation phase after acceleration.
Pay attention to the range of 116300 to 117000 above, which is the signal area for the main force to choose to push up. Once there is a breakout with volume and stability, the market will enter the main rising phase, targeting 120000; conversely, if it rises and falls back, the first support is at 114200, and as long as it does not break, it is still an opportunity for bulls to increase positions. Only light shorts are allowed, heavy betting on a peak is not advisable.
The overall rhythm is a strong continuation; as long as 114000 is not broken, one should not be bearish. Short-term pullbacks are opportunities, not risks. Next, focus on the direction of the US market's volume; breakouts should be followed, and pullbacks should be bought. Only if there is a volume breakout below 113500 will the market enter a correction rhythm. $BTC
