Good evening, everyone!

The pancake is currently at the position of 106040. From the current 1-hour candlestick and indicators, it shows a short-term corrective adjustment but a relatively strong medium-term trend. There is a long upper shadow formed by a spike followed by a pullback at the hourly level, but the trading volume during the pullback has not significantly increased, indicating that the selling pressure is relatively limited, leaning more towards a consolidation after profit-taking, and it is operating in the middle to upper range of the Bollinger Bands.
KDJ Indicator: K value and D value are in a neutral to high range, while the J value has turned downward, indicating a short-term need for a pullback, but it has not entered the oversold zone.
MACD Indicator: DIF is slightly below DEA, MACD bars are negative, short-term weakness but DIF is still at a high level, and the medium-term bullish trend has not fully reversed.
Based on the analysis above and combined with the 1-hour level trend, it is highly probable that there will be fluctuations and adjustments in the range of 105200-106600 in the short term. If it can stabilize at 105288 after a pullback, there will still be upward testing near the positions of 106800--107800; however, if it falls below the middle track, caution is needed for the risk of further pullback to the range of 105200--104200.

The above is only a personal suggestion and for reference only. Please refer to the operations of Haoyu Shipan for specifics! #btc