The big pancake has tried multiple times to break through the 100,000 mark, but has been intercepted each time. After leverage liquidation, one must be cautious of a deep pullback, even considering a 30% retracement, which corresponds to a price of 70,000!

Even if it briefly touches the round number, one must observe whether institutions are buying again and not selling!

Technically, there is also a slight change, as the four-hour chart has shown a series of consecutive bearish candles, temporarily ending the bullish trend. One can follow the trend and go short!

The shorts given in these past two days have room for retracement. If you didn't manage to exit in time or were greedy, you may get swallowed up. If this happens, wait for the rebound to lose strength before entering short again!

Go short around the 98,200 line, targeting 95,000!

Go short near the 3,450 line, targeting 3,260!