#BTC The pancake failed to test the 1h Bollinger upper band again last night, and with the dumping of U.S. stocks, it dropped directly to the PRZ around 98000 in a deep wedge pattern. The rebound this morning is weak, and if it cannot quickly break through the neckline resistance level around 10.5w, it may continue to pull back to around 94000 in a crab pattern. Regarding adjustments to the trading strategy:

- If it cannot break through and stay above the 1h Bollinger upper band (multiple resistances) this week, consider switching to a strategy mainly focused on rebound shorts.
- Observe the weekly chart. If the weekly close returns to 102k over the weekend, there may be opportunities after the liquidity is released next week with the resumption of the US government. If it can't go up, it is still very dangerous.
- Observe the monthly chart, if this month cannot stabilize above 100k, it is very likely to form a death cross, and each appearance of a monthly death cross is an important indicator of a bull to bear transition, so be sure to pay attention to identification.

The recent market is difficult to navigate, and one must pay attention to risks. If a bull market turns into a bear market, it is unreasonable to stubbornly hold onto spot positions. The best time to accumulate coins with spot holdings is near the bottom of a bear market.