On Friday morning, a pancake thought analysis.

Unconsciously, the market has been operating above 100,000 for several days now. Currently, the trend seems to be struggling to break free from a downward oscillation.

From the 4-hour structure chart, the current bearish energy bars are gradually decreasing in volume. After the price dipped to the wide bottom support area, it formed consecutive bullish candlesticks, accompanied by a transition with a doji bearish candlestick. All technical indicators point towards the upper pressure area of 105,500 - 106,000. However, based on the current situation, a cautious attitude is maintained regarding whether the bulls can break through this resistance level. Therefore, today, the main approach remains a wide oscillation strategy. If a breakout occurs, timely follow-up analysis will be conducted.

BTC short-term: 103,700-103,900 short, target 102,500-101,500#币安Alpha上新 #CPI数据来袭