Pancake Morning Analysis
The bearish outlook for BTC given in the early morning has been perfectly validated: the price has continued to decline from the 112000 level, reaching a low near 108560, just a step away from the previously predicted target. During this period, nearly 3500 points of profit space were successfully released.
From the current candlestick pattern, it is clear that bears still firmly dominate. Although a technical rebound may occur in the short term due to overselling, it must be clarified: the overall downtrend remains unchanged, and selling pressure above is concentrated, limiting both the strength and space of the rebound, making it difficult to reverse the weak pattern.
Today's core focus is on the 108000 level—this position is both a key target from previous predictions and an important support level currently, requiring close observation for any signs of stabilization (such as reduced volume and stop-loss patterns, etc.) to provide references for subsequent operations.
Pancake Suggestion: Buy at 108600-109300, target 110000-110500
