Friday Pancake Analysis

The four-hour chart shows signs of fatigue, with momentum slowing after consecutive bullish days. The K-line body is narrowing and has a volume-influenced upper shadow, indicating a weakening bullish push and increasing selling pressure. Insufficient volume support leads to more pronounced contraction when faced with resistance, suggesting that bulls are losing strength or may be facing a correction.

Short liquidations are pushing new highs, with a small net outflow seen in the market, and selling pressure is gradually becoming apparent. Market sentiment is out of control. After reducing shorts, it may be an opportunity to enter; if not well controlled, one can still participate. This is an effective strategy to cope with the current situation.

Suggestion: Focus around 116500/117000, with a target initially looking towards 115000, and if broken, aim for 112000. #BTC再创新高 #比特币