5.8 Pancake Analysis

To be honest, today's thought process is really not easy to write. You say it is at a resistance level, and it is indeed, but the upward movement is too exaggerated now, directly breaking through around 99300 with a big bullish candle, no one can stop that.

I have said that whether it's an upward or downward movement, there are opportunities. We synchronized our thoughts in the live broadcast room yesterday, getting out at 1400, and luckily we weren't greedy; otherwise, we would be grinding on the floor. The past two days have seen declines in the evening and rises in the early sessions, continuously breaking new highs.

Actually, whether it’s a decline or a rise, we only need to capture our part. One fish, don’t think about swallowing it all; isn’t it good to eat the fish body? Just like yesterday, when we exited our short position, no matter how much it rises after that, it has nothing to do with me, so don’t regret it. Missing out may not be a bad thing; what if you got stuck instead?

From a technical structure perspective, I believe the upward phase is basically over. At this stage, we can look for a pullback. The 100,000 mark above still needs significant force to break through. Let’s short here at 993-998, gradually adding to the position around 984-974. When it goes down, we can look to buy on the rebound; it's all feasible. Let's first catch this short position and then see the next step thinking #BTC☀ $BTC .