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I originally thought that this week, the weekly line could close with a small Bearish line. I didn't expect it to pump again over the weekend. Although it has once again broken through new highs, it hasn't significantly broken down. Moreover, after a large retracement in the evening, it has fallen back to around 103200, currently forming a double top pattern. Last week was a horizontal consolidation week, and there isn't much to say. Not continuing to significantly break down from the top is good news. Currently, relatively speaking, we are still at a historical high position. From a broader perspective, there are no issues.
Technically, we won't discuss it for now. Currently, we mainly rely on market sentiment for positioning. Recently, the market has been a bit chaotic due to the yellow-haired guy. Up and down, it's basically all about what he says. As a result, the technical analysis is not very good at the moment. We are mostly relying on news for our positioning. Gradually going down, there aren't too many issues with the layout.
Pancake operation suggestion: 105700 down
Target: 101000 #BTC#