It is indeed difficult for the pancake to drop further around 108500. 110000 is originally a strong support level; although it briefly fell below, it quickly rebounded back above 10500, indicating that many institutions are buying at this position to bottom fish. Without such a thorough adjustment in the market, it will be challenging to see further increases. Therefore, sometimes it's not enough to just look at short-term trends; it's essential to pay attention to the broader environment and policy direction. It is expected that there will be consecutive interest rate cuts, which will increase the liquidity of money in the market, making a rise a high probability event. Currently, 110000-110500 has formed an effective support range, and there may be some fluctuations and consolidation at the end of this month and the beginning of next month, after which it should begin to rise. Stay patient; the rise is just a matter of time. #BTC $BTC