The morning pancake once again surged strongly to the 107,000 line, and then quickly fell back to the 105,500 line. Meng Bai, with keen intuition, decisively laid out a high short strategy.

5.19 Analysis:

The short position given in the morning unfortunately hit a loss, as the Bitcoin surged again to around 107000 in the morning. The daily chart shows a high-level fluctuation after a continuous rise. Although there are signs of a pullback, the box pattern remains unchanged, and we are currently in a key resistance zone of the larger cycle. Caution is advised in chasing long positions until a valid breakout occurs. Given the significant market movement today, I remind everyone to ensure proper defense. #BTC挑战11万大关 $BTC

Trading advice: Short around 105200-105700, target 104000-102000.