The large pancake continues to be under pressure this week, with prices fluctuating narrowly around 85,000 on Monday. 87,000 has become a key watershed; if it cannot be effectively broken, the downward trend will continue.

Last night, the price briefly rebounded to 85,600 before falling again, showing weak bullish momentum and clear signs of a weak market. The current candlestick pattern is fragmented and bearish, located in the middle to lower band of the Bollinger Bands. As volatility narrows, a breakout is approaching. Asia Pan is paying attention to the strength of the rebound; if the upward resistance is blocked, one can consider shorting at high points, targeting new lows.

Bitcoin buy in the 84800-85100 range with a target of 87000; if it doesn't break, consider going short again.