5.9 Pancake Morning Analysis: This morning, influenced by news, BTC surged to 104000;

Market sentiment is complex, the short position strategy at 102000 last night became ineffective, highlighting the limitations of technical analysis in the face of macro factors.

Currently, retail investors are mostly short, predicting a low probability of a significant pullback in the short term, or a spike to 105000 followed by a drop.

It is recommended to short in recent fluctuations, and be sure to set strict stop-losses.