The current price of the pancake is 104988. It can be seen that since it approached 110000, the bullish strength has been weakening, with each rebound peak lower than the previous one. The bulls have been continuously exhausted, and there have been multiple rebounds at the 6-hour tunnel position. Now the rebounds are getting weaker, and the 6-hour is under strong pressure from EMA20. I still hold a bearish view, entering around 105600. The expectation of a bearish outlook in the larger cycle has always been present, and even the rebounds in the smaller cycle should be shorted in the direction of the trend. The 8-hour death cross, the head and shoulders pattern on the daily, the top divergence on the weekly, combined with two doji candlesticks on the weekly K chart, indicate that a direction is about to be chosen. $BTC #BTC走势分析