$BTC Pancake Evening Operation Suggestions are as follows:

Technical Analysis: The current Bitcoin price is fluctuating around $94,200, with the 4-hour candlestick showing three consecutive bearish candles. The MACD histogram remains negative, indicating that the bearish momentum is dominant. The key support level is at $93,500 (200-day moving average), and if it breaks down, it may test $90,000. The resistance level is at $97,384 (high on May 5), and a breakout could lead to a test of the $100,000 mark.

Market Sentiment and Capital Movement: The U.S. House of Representatives today released a draft for cryptocurrency regulation, which may increase volatility in the short term. However, 88% of the circulating supply is in profit, with $75,000-$95,000 forming a new structural bottom, providing strong support. The derivatives market shows a surge in open interest for $300,000 call options by the end of June, reflecting institutional long-term optimism.

Operating Strategies:

1. Aggressive Strategy: If the price stabilizes at $93,500, consider opening a small long position with a stop loss at $93,000 and a target at $97,384.

2. Conservative Strategy: Wait for the price to break above $97,384 and then enter a long position with a stop loss at $96,500 and a target at $100,000.

3. Short Selling Opportunity: If it breaks below $93,500, consider shorting near $94,000 on a rebound, with a stop loss at $94,500 and a target at $90,000.