5.8 Thursday Pancake Evening Thought Analysis!

From a technical structure perspective, at the daily level, the price has failed to stabilize after a rally, resulting in a pullback. The price is testing the lower support weakly, showing signs of a weak rebound. The bearish volume has released energy, and the moving averages continue to trend downward. The pattern still shows a continuation of weak low-level fluctuations, indicating a demand for further declines.

At the four-hour level, after the price dropped sharply, it is undergoing a weak recovery and consolidation at a low level. The channel is in a narrowing state, facing pressure at the middle track. The bullish volume has not formed a significant release, and the moving averages are trending upward. There is a demand for upward correction within the consolidation state, but the strength is not strong. In the short term, the bullish volume arrangement maintains a recovery, but there are no signs of a stable rally. The small cycle still shows a continuation of weak state, so our next strategy is to short.

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