Last night, the big pancake once again rose high but was blocked at the 110,000 mark before retreating. The given wave arrived as expected, capturing the second wave for exit.

Currently, on the daily chart, after several consecutive bullish days, a doji candle appeared, indicating that the market is still in a volatile range. On a smaller scale, the price comparison is running in a sideways consolidation, with continuous bearish candles increasing in volume but lacking sustained momentum. Additionally, a one-sided structure has not formed a certain continuation; instead, it is undergoing a technical correction followed by a second accumulation of strength. The rebound high is also gradually weakening, and the approach is still to trade around the high with time replacing space.

Around 110,000-109,500, watch 108,000-107,300.

Market conditions change rapidly, so please refer to the current market situation and remember to manage risk well. #比特币2025大会