After a consecutive rise in the pancake market, yesterday saw a large bearish candle due to negative news, putting pressure on many. The current key price level determines the direction: monitor yesterday's low at a smaller scale, if it doesn't break, there is a high probability of consolidation (the longer it consolidates, the higher the probability of an upward movement).

If it breaks down, it will continue to decline; today for 1-2 hours, support is at 118260—if it holds, a rebound can be expected towards 119315, if it breaks, the rebound ends, looking down at 117010/115850/114500;

If it breaks through 119315, it will push towards 120485/122150/123395. #加密市场回调 #BTC再创新高 #美国7月PPI年率高于预期