Analysis at 8:30 AM
The pancake touched 114,000 yesterday and is currently fluctuating around 112,900. From a technical perspective, the key support level of 113,000 has been effectively broken, with the Bollinger Bands continuing to expand, indicating a downward trend momentum and further release of the downward range.
On the hourly chart level, running along the lower Bollinger band, the dominant feature is notable with a slow convergence pattern continuing, and no clear reversal signal has been observed.
Switch to the 4-hour period, ↓ the structure is complete, and there is still room for
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