$BTC The current price of the pancake has dropped, forming a triangular convergence pattern. Before a clear direction is established, it will continue to oscillate sideways.

During yesterday's decline, the 104 K line received support. The prerequisite for a rebound is to stay above the 105 K threshold.

When the price approaches the first resistance range of 104.8–105 K, do not rush to confirm a breakout; first observe whether there is sufficient trading volume and stabilization;

Due to the recent sideways oscillation in the market, even if it stands above 105 K, it is often difficult to sustain an upward trend unless there is a significant bullish candle that effectively breaks through;