The pancake continued to decline yesterday, breaking the previous range of fluctuations, with intraday lows probing around 108660, then rebounding to operate around the 112300 line.

On the daily chart, there is a weak consolidation, with the range of fluctuations continuously compressing. If it breaks below the short-term support at 110000, the market may pull back to around 109000. Coin friends need to be prepared for this.

On the four-hour chart, the price is rebounding close to the middle track but has not broken through. Bullish momentum is gradually weakening, moving averages are flattening, and indicators lack upward strength, suggesting that the weak oscillation pattern may continue, with the price still at risk of a pullback.

Sell at 112200, target 108000$BTC