The large pancake at #BTC retraced to around 102500 in the morning and rebounded, peaking around 103600 before starting to retrace. The low point brought the rebound up by 1100 points, which is considered decent. Then, at the high point, it retraced to a low of around 103000 before beginning to rebound again. Now it is hovering around 103400. Looking at the daily trend, it still leans downwards, but on a smaller scale, it is fluctuating within a range of about 1000 points.

Currently, it is not advisable to randomly enter long positions; short positions are relatively safer. If those who were at a high position last night have not exited yet, they can continue to hold until tomorrow night. If the rebound does not break through 104000, then there will be no issues.