$BTC 😄 The large pancake strongly broke through the downward trend line in the past two days, hitting the 110300 position given in yesterday's market analysis, resulting in a pullback. Currently, there have been more than three divergences at the 2H/4H level, and the upward movement is starting to weaken. 🤭 A bearish signal has appeared at the 2H level, and there is a continuous increase in the MACD volume bars. There is a 60% probability that the 110500 position will be confirmed as the high point of this rebound. If the 4H breaks below the 108500 position later, it will further confirm that the 110500 position is a false breakout. This strong surge is entirely driven by short positions; there are too many people shorting. 😭 Many people thought there would be a breakthrough above the previous high yesterday, but instead, it did a false breakout. Even if it breaks above the previous high, a pullback will definitely occur. This market movement is a super large V reversal. The depth of the pullback is not enough, so the corresponding upper space is also limited. If it really reaches a monthly high point, the daily pullback space will increase, and the time will also extend. If 1105000 does not break and leads to a significant pullback, the subsequent breakthrough at 111980 will also increase the upper space. 💁

Pay attention to the closing situation of the 2H/4H during the day. If it breaks below 108400, the support below is: 107200/105700 and the resistance above is: 110290/111000