Pancake Morning Thoughts

Today, BTC needs to closely monitor the defense of the next low point. If effective, the breakout point will become a key support. It is expected to have a high probability of fluctuating upward during the day, with a pullback for consolidation to accumulate momentum. Yesterday, it stabilized above 116000, waiting to break through the previous high for further gains. The four-hour chart shows 116500 as support, forming a fluctuating upward channel, with technical patterns continuously releasing bullish signals.

Pancake is long around 116800-117300, targeting near 118000. Defense at 116500#btc .