The pancake broke through 110,000 again yesterday, but unfortunately could not hold steady and came back down. Looking at the daily and 4-hour levels, it is basically a head-and-shoulders trend. Brother Li still says the same thing as yesterday: when the monthly candle closes, it is very likely that the pancake will not stay above 110,000. The current trend is that it will be fine as long as it rebounds at a high position. During the day, continue to look at around 109,600; the next target is 108,000-107,200#BTC