7.6 Weekend Morning Pancake Analysis:
From the hourly Bollinger Bands, the bands are in a narrowing state, with the distance between the upper and lower bands reduced to a recent low, making the middle band the core pivot for price movement.
In terms of the MACD indicator, the dual lines are maintaining a parallel slight upward movement above the zero axis, with the green momentum bars continuing to shrink. The current momentum value is close to the zero axis, indicating a trend towards stabilization in short-term momentum.
Operational advice: Short if there is a bounce above 108500, and for conservative traders, short above 109000, with targets of 107500 and 106000!
