Today, it was mentioned that above 115000, one can tentatively look for layouts. Currently, although there is some space, it is still overall a small range adjustment without significant breakthroughs. The impact from the US stock market in the evening has also not shown much fluctuation. After a big market movement, there will definitely be a period of repair and adjustment. If trading short, look below 115000. If the position feels right, one can exit; the subsequent trend is still expected to break downwards.

From a technical structure perspective, it is still a bearish trend. The 4-hour level has not firmly stood above the moving average. There is a clear trend of resistance, and the first target below can be seen around 112000. After that, it would be 110000. To set a stop loss, just set it at the previous high.

Pancake operation suggestion: Look down above 115000
Target: 112000#btc