$BTC Pancake Today's Analysis:
💰 Bitcoin Daily and Weekly Perspectives Sharing
Based on the high probability of forming price resonance today to observe the subsequent price situation.
1. Time Aspect
(1) Daily
November 17 Low: This low is a repeated cycle low, and the price is allowed to return to between 76700 - 77400 for high-level fluctuations.
November 23 High: This belongs to a cycle high, allowed to present in a secondary high form.
(2) Weekly
December 9 Low: This is the first low on the weekly chart (calculated by week, meaning December 9 - December 15 falls within the weekly range).
February 10, 2025 Low: The second low on the weekly chart that needs to be observed, with February 10, 2025 - February 16, 2025 as the weekly range. Any situation where the first weekly low is broken will shift focus to the second time node.
Information related to time and space has been shared, the main logic is based on 80000 and November 10 for calculations, it can be observed, but whether it can form price resonance or if one side of the price reaches the corresponding position first needs to be seen step by step. Overall, the situation here is that it’s quite cold at high places, so caution is advised.
Personal Situation:
I still hold my pancake short position, I made my first additional position at 79500. I still see 1400 points as a layer for additional positions.
If the air force has any questions, feel free to leave them in the comment area, and I will try to answer them one by one.
