January 7th Pancake Market Analysis

Intraday resistance above 104500-105500
Support below 100,000-101,000

After a 4-hour K-line surge, it did not quickly regain the gains, but continued to maintain a high-level oscillating rhythm. The bullish trend remains, although the hourly line has provided a retracement action, the intensity is not great. The 100,000-101,000 area below has shown some support signs, and it is expected that after the pullback adjustment, the bullish trend will continue to extend further.