From a technical analysis perspective, the pancake has entered a clear downward channel after reaching the upper Bollinger Band on the 4-hour K-line.
Observing the market, we can see that although there were two rebounds during the price decline, both were relatively limited in strength.
This rebound pattern clearly belongs to the category of technical correction and has not effectively broken through the resistance of the downward trend line, nor has it changed the overall bearish pattern in the short term.
Operational suggestion: You can short near 108800-109000, with a target of 106500$BTC
#BTC走势分析