Pancake Afternoon Analysis
After rebounding above 105000, it started to move sideways, what do you think?
Previously, it fell from 110000 all the way to 102614, showing a technical repair, but the strength is not strong, and it has already failed to break through 106000 three times!
Now 105000~106000 has become the main battleground for long and short positions—much like a match point siege!
If it can hold above 104500 on a pullback, there is still hope for a short-term push towards 106200 or even 107000;
But once 105000 is lost, the bears are likely to take over again, aiming directly at 103300.
Current trend summarized in one sentence: Before the direction is clear, don’t rush in blindly; within the range, “high shorts and low longs” is the main tone!
BTC
