Big Cake Evening Analysis

#BTC The big cake rebounded this afternoon to the key resistance near 108500 without breaking through, starting to pull back. Over the weekend, it consolidated for 1-2 days and rebounded over 1000 points. Currently, the big cake is leaning towards a bullish trend during the day; as long as it does not completely drop below 107500 during the pullback, we can continue to look for upward movement. If it breaks below, it will head towards below 107000. The operational suggestion is to exit short positions if they don't break the level, but it is not highly recommended to go long; waiting for a higher point is advisable. Currently, the big cake is still oscillating in the range of 106500-108500, just hitting a few hundred points higher.

Upper resistance levels for the big cake are 108500, 109200, 110300, while lower support levels are 107500, 107000, 106500.