Pancake Thinking

The 4-hour Bollinger Bands are opening and closing, touching the bottom and starting to rebound. Currently, it is running below the middle track, and there has not been an effective breakthrough of the middle track, which looks more like a tempting consolidation phase. Although the overall trend still looks good for 120k, the news is currently chaotic, and we cannot be stubbornly bullish anymore; it’s better to follow the current trend.

If we break 108500, we will follow the bullish trend to go long, targeting 109000; if it breaks, look above.

If we do not break 108500, we will follow the bearish trend to short, targeting 107800; if it breaks, look below #币圈 .