6.25 Pancake Market Analysis

On the daily level, Bitcoin closed with a solid bullish candlestick above the middle band of the Bollinger Bands yesterday, but faces a resistance zone of 106000-106500 above. Additionally, trading volume has shrunk. If it cannot effectively break through this resistance level, the subsequent upward momentum may be insufficient, and there is a possibility of a pullback. On the 4-hour level, the candlestick frequently shows doji patterns at high positions, indicating strong selling pressure above, and the short-term pullback risk has significantly increased.

Operational Suggestions

Short at high points in the 107000-108000 range, with targets looking towards the 105500-104500 range.