The pancake began to drop to 185550 at night and is now starting to rebound,
Today we need to pay close attention to the critical level of 110600—only if it stabilizes above this level for 1-2 hours can we confirm that the rebound has officially started.
If it can stabilize, the target levels to watch are: 111700, 112600, and near 113650;
If the rebound fails to stay above 110600, it indicates insufficient rebound strength. If it declines again subsequently, we can look down to 108500, 107500, and near 106300. $BTC