Pay attention to the position 104000 on the night of $BTC big pancake. If the hourly closing can stand above this position, it is expected to open the upward channel. The subsequent upper pressure levels are respectively referenced to the intervals of 104850, 105880, and 107060. If the hourly level cannot stabilize above 104000, it indicates that the rebound lacks momentum, which increases the risk of downside. At this time, the support to watch is the previous low formed earlier at 102770. If this level holds, a brief rebound may occur; once it breaks below, further decline is expected. The key support areas below are in the intervals of 101680, 100700, and 99140.