April 20, 2026, Monday Stock Analysis $BTC The “big pancake” needs to be viewed from two perspectives: 1. Short- to medium-term: The rebound starting from 60,000 has, in total, moved through three segments—two segments of upward movement and one segment of downward movement ( ABC ), where C equals A at the 0.786 level (Figure 1); Now is confirming the start of a pullback on the C segment, and the short-term support area is between 70,000 and 71,500 (Figure 2); then it’s around the 65,000–66,000 line.