Yesterday, the Bitcoin experienced a strong one-sided upward trend, with nearly 5000 points of movement, but encountered resistance and fell back at the 110,000 mark.



From a technical structure perspective, the appearance of long upper shadows and small bearish and bullish consolidation patterns at high levels suggests significant resistance above. Subsequently, it is essential to focus on the breakthrough situation at the 110,000 mark; if it does not break 110,000, the primary view should be bearish.

The pancake is around 1095-1100, with a short-term target of 1080/1070, and a swing target of 1050.
BTC-2.17%
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