$BTC

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

During yesterday's drop, the 104 K line received support. The requirement for a bounce 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 if there is enough trading volume and stabilization;

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