February 27, 2026, Pancake Analysis

Yesterday, Pancake surged then retraced, with a slight rebound during the day, followed by a decline under pressure in the evening. The entire day was volatile and weakening, closing around 67,000. The bulls lacked strength, and the bears took the lead, indicating a overall correction.

US tech stocks weakened, risk aversion increased, and Bitcoin followed the decline; the Federal Reserve's rate cut expectations were delayed, tightening liquidity and negatively impacting the coin price; ETF capital inflows slowed down, with no major positive news to drive the market, which remains cautious, making a big move unlikely in the short term.

Currently, the price is fluctuating around 67,000, with the first support at 66,000. A break below could lead to 64,500; strong resistance is at 68,500-69,000, and rebounds to this level are likely to be pushed back down. Four-hour indicators are weak, volume is insufficient, and the short-term trend is still in a correction and recovery phase. Avoid chasing highs.

Short-term trading suggestions: prioritize stability. If the price rebounds to 68,200-68,800, consider light short positions with a stop loss at 69,500, targeting 67,000 and 66,000; if the price pulls back to 66,000 and stabilizes, consider adding long positions with a stop loss at 65,200, targeting 67,500. Keep positions light, strictly set stop losses, and trade quickly in this volatile market.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's layout for specific strategies!$BTC ‌#BTC