#BTC Pancake Price Trend Technical Analysis:

1. Overall Trend Analysis

The price of Bitcoin still cannot escape the influence of the $100,000 round number. As mentioned by Old Te, $100,000 is a key position of interest for major funds. Although the highest point was $108,353, it still could not break through the gravitational pull of this round number. The reason lies in insufficient volume and the market's failure to move away from this important position, leading to price retracements and repeated fluctuations.

2. Trend One: A New Uptrend Begins

Assuming a new uptrend starts from $92,520, it is necessary to first break through the previous high of $99,488 on a smaller K-line chart to form effective upward momentum. This will become an important signal to push prices further up.

3. Trend Two: Continuation of the Downtrend

The drop from $108,353 to $92,233 is the first wave of this decline, and the second wave of the drop has already started from $92,233. The current trend is still in the second wave of downward movement. It is expected that a third wave of decline will follow, possibly further testing the lower support.

4. Trading Strategy:

Since two possible trends and key points have been identified, a trading strategy can be formulated based on these points. In this case, the risk-reward ratio can be calculated more clearly, and the take-profit and stop-loss positions are also relatively clear, allowing investors to flexibly adjust their strategies according to market trend changes.#BTC走势分析