From the perspective of the pancake, the daily chart of the big cake has three consecutive bullish candles reaching new highs, with moving averages in a bullish arrangement, indicating strong momentum. The hourly level maintains a high-level consolidation, although the bullish sentiment is strong, the resistance at the upper Bollinger Band is evident, indicating a short-term need for a pullback to build momentum. The market will still focus on bullish positions during the pullback.

BTC pullback around 110300 - 109500, looking up at 112300 - 113500.