Pancake Morning Thought Analysis
After the early morning thought was issued by Suke, Pancake immediately surged high, touching 112300 and a key level, which is similar to the exit points predicted by Suke. Friends who followed the thought in a timely manner in the morning have also made a steady profit. However, after the morning surge, the price of the coin quickly faced pressure and fell back, with BTC dropping to around 111200.
From a short-term perspective, on the hourly chart, after the coin price has achieved five consecutive bullish candles, all in an overbought state, it immediately underwent a correction. Currently, the K-line is positioned between the upper and middle bands of the Bollinger Bands. In the short term, this wave of pullback is expected to continue, and Lao Wang predicts that BTC will pull back to around 110500. Subsequently, we need to focus on the position of the middle band of the Bollinger Bands on the hourly chart.
Trading Suggestion:
Bitcoin 111300-110800, look for 112500
