In the past few days, the pancake should continue to hover in the 67k-72k range. The direction depends on oil prices and negotiation progress. If oil prices do not drop, the pancake will not rise. If 69 breaks, the next support looks at 67k-68k.

In the medium term, it still leans towards a decline. Because the expectation of interest rate cuts has been repeatedly postponed, macro liquidity is constrained, and without incremental capital from Zijin entering the market, it is difficult for the pancake to rise independently.

However, note that the consecutive months of declines have cleared most of the leverage, and the space for further drops is not as large as imagined.

Now is the bottoming phase, not the collapse phase. $BTC #BTC走势分析

BTCUSDT

Perp

67,083.7

+0.46%