9.25 Pancake Midday Thoughts:

Looking back at the morning market, the price once touched the 113600 position, then fell to a low of 111500.

From the 4-hour and daily chart trends, the double bottom pattern below has basically formed. At this stage, the risk of chasing a short position is relatively high, and the price is in a box fluctuation trend, with the fluctuation range gradually narrowing, indicating that a directional breakout is approaching.

Operation Suggestions:

You can look around 111500, with a target around 112500-113000 $BTC