11.13 Midday Pancake Market Analysis

Current price 103222, after reaching a high of 105297 yesterday, encountered resistance and fell back. The pressure at the 106000 integer level is strong, and the suppression effect is prominent.

During the night, the key support level was lost, and the short-term moving averages have collectively turned downward, establishing a bearish pattern with an expanding advantage.

From the 4-hour perspective, the price broke below the lower Bollinger band, and the rebound volume is extremely scarce. Under the current weak oscillation rhythm, the subsequent downward space has not yet reached the bottom. #比特币生态

Operation strategy: It is recommended to lay out short positions in the range of 103800-104500, targeting 103000 and 102500, with strict risk control.