The large pancake retracement is just an entry point for long positions, which has also been perfectly validated, with a gain of 1600 points from yesterday evening!

From the current market trend analysis, the 1-hour line dead cross has initially formed, while the small support still stands at 103.5k;

Going short is likely to get washed out, entering long positions on the retracement is the choice!

Personal operation suggestion: gradually layout between 103.6–104k, with the initial target set at 106k, and a long-term view of 108k! #币圈 #加密货币 $BTC