$BTC

4.17 Large Pancake Analysis

Currently, the large pancake is still in a high-level sideways consolidation. From the daily chart perspective, it remains in a downtrend, with short-term performance continuing to decline.

It is expected that there will not be significant fluctuations in the market over the next three days; the strategy during this period will still be to sell high and buy low.

For long positions, the current short-term support level is around 83100-83500, which has been tested multiple times. The entry point for long positions remains around 83000. If the 83000 level is breached, a daily-level decline may occur. In such a scenario, focus on the support levels at 78400 and 79200 below.

For short positions, the daily chart continues to be pressured below the downward trend line at 86000, exhibiting a slow decline. There is significant upward resistance above, so the short entry point can be set at the daily high of 85500, and we will continue to look for short opportunities until the market breaks through 86700 directly. Currently, around 84500, traders can continue to wait a bit longer.

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