8.25 Monday Big Pancake Early Silk Road

In this round of decline for the pancake, the driving force of news is more prominent. From the technical analysis of the 4-hour chart, the characteristics of the bearish trend are clear: first, two consecutive large bearish candlesticks break through the key support of the middle track, directly opening up downward space; subsequently, the price breaks below the previous support level of 1116 with increased volume. Although there was a slight rebound in the short term, it did not change the overall bearish dominance, so today's operation still suggests focusing on short positions.

It is recommended to short around 112100, with a target near 110000 #BTC