The pancake market shows characteristics of volatility. The Bollinger Bands, Stochastic Indicator, and MACD are all trending downwards but remain near the zero line. Currently, it is facing resistance at the 114400 level. On the hourly chart, Bitcoin is maintaining a corrective trend above 110000, with a key focus on whether the price can break through and hold above 112300 in the short term. Once this level is broken, the short term will continue to test the resistance level at 114000.

Trading suggestion: Buy on a pullback near 110500, with a target around 112600; if broken, look towards 113500$BTC #比特币远古巨鲸持续出清 .