The large pancake midday on-chain funds pushed the large pancake up to 1065 under pressure. The K-line shows a decrease in shorts, obstructed by the middle track. The four-hour MACD golden cross but with weak momentum, bulls are lacking;

Since the rebound on June 17, the bottom trading volume has been unstable. This increase in volume may be a trap for the bulls, with 1068 as the key resistance level;

If it cannot break through, it may start a downward trend. Continue to look bearish in the evening, paying attention to the performance around 1070 under pressure;

Personal trading suggestion: range trade between 106400–106800, targets at 105000, 102800, and 100000! $BTC