The analysis of the large pancake $BTC 10.48 million USD is not just an ordinary price level; it is regarded as a key resistance level/technical point/psychological barrier. This price level may be the previous high point, the lower edge of a dense trading area, or an important trend line resistance level (selected or combined based on the specific context). It serves as a significant defense line for bearish forces, as the market has repeatedly encountered resistance and retreated at this position, proving its significant resistance effect.