The current market for large pancakes is in a phase of consolidation, with prices encountering resistance and pulling back after approaching 109700. The overall trend shows characteristics of repeated highs being capped and corrections.

From the current hourly chart, the K-line has oscillated back and forth around the middle track of the Bollinger Bands multiple times, with insufficient rebound strength and gradually lower highs, indicating weakening bullish momentum. A short-term support has formed at the 107500 level below, but the pressure above continues to suppress market breakthroughs. Overall, market sentiment is cautious, and it may continue to oscillate in the 107500–109500 range in the short term, with no clear direction. The strategy should focus on short-term high selling and low buying. #BTC走势分析 #ETH🔥🔥🔥🔥🔥🔥