Today's Pancake Market Analysis:
On July 2nd, the market has broken below the support level near 106,000 USD at the intraday level, and may attempt to break down again to the support position near 104,000 USD in the evening.
From the 4-hour candlestick view, the MACD histogram continues to be negative and gradually lengthens, indicating strong bearish forces; however, the KDJ indicator is neutral, with a value of 27, showing no obvious golden cross or death cross signals.
Support and resistance levels: At the intraday level, attention can be paid to the support range of 103,500-104,500, with resistance in the range of 106,000-106,800 USD.
Analysis suggests that the price is currently fluctuating near the middle band of the Bollinger Bands, and may test the lower band in the short term. If it breaks below the key support level, there is a high likelihood of further decline.