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Yesterday's southward movement of 115,000 had a maximum space of 5,000 points. Currently, there is some rebound, but overall it still maintains a downward outlook. After last week's black swan event, the market is clearly lacking in liquidity. The possibility of a rebound is not high, and further downward movement is likely. Therefore, I personally recommend focusing on a downward perspective in the near term. If the position is not particularly good, try to minimize bullish layouts.
From a technical perspective, although the US stocks fell in the evening, they have now returned to the starting point. It was mentioned yesterday that 112,000 is a support level, and breaking this level would mean 110,000. Currently, it has just pulled back to this position, with no more room for movement; it might be worth considering.
Pancake operation suggestion: South down above 112300
Target: 110000#BTC