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# Second Pancake Evening Analysis
Second Pancake hourly level has formed an arc top + cup and handle structure. The handle itself is a bearish flag pattern, currently broken down.
Bounce attempts and pullbacks within the cup and handle have failed. 2202 is the current key resistance level.
• Recovery above 2202 → hourly level stops declining, potential for rebound
• Upper pressure levels: 2228–2271, breakout will look higher
Lower support levels:
• Break below 2162 → downside target 2087
• 4-hour level: If 2156 holds, rebound expected; if broken, trend weakens, entering lower consolidation zone
Trading recommendations:
• Breakout above 2196 with volume → chase long on the right side, target 2234–2270
• Breakdown below 2168 with volume → chase short on the right side, target 2107–2068
$BTC
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