The trend for the big pancake is quite obvious; after a strong rise, it fell directly due to lack of momentum. The four-hour chart has formed a head and shoulders pattern, typical of a bullish trend nearing its end.

Now, this movement is just a rhythm giving opportunities for a rebound.

It is recommended to set up short positions around the range of 120500-121000,

with the first target at 117800, and if it breaks down, the next target at 115200.

It's not that the bulls are out of strength, but that the rhythm has changed hands.

Keep an eye on the levels, and don't be fooled into high positions by false bullish signals.$BTC #BTC突破12万大关 #BTC再创新高 #山寨季何时到来 #BTC突破12万大关