The pancake has strongly surged to the key resistance level of 110000, facing obstacles and failing to break through effectively. It is expected to fluctuate in the range of 108500-110400 during the early morning.

If it attempts a second surge at 110400, a medium to long-term short position can be considered, with a stop loss set above 111000;

If the stop loss is triggered, a short entry can be sought again at 111800.

The current price is at a high level, making a bearish strategy feasible.

First, look at the key support at 108500; if it breaks down, watch for 107100, and if it continues to break down, look down to 105000. #BTC重返11万 $BTC