Analysis on August 15th, Early Morning
Reviewing the night, the large pancake was impacted by external news, quickly ↓ dropping from the 121200 level to 117400, and then rapidly recovering.
From the hourly Bollinger Bands perspective, the current middle band and ↓ band show a steep downward tilt, indicating that the short-term trend is still dominated by the momentum from the hanging head, with the support level below dynamically weakening as the indicators ↓ shift; however, the ↑ band shows a characteristic of upward divergence, indicating that the amplitude of the pancake's movement has expanded, and the market divergence is beginning to intensify.
This structure of "↓ band downward tilt + ↑ band upward flare" means that although the short-term trend has not completely reversed its bias, the selling pressure below is showing marginal relief after rapid release—especially as the price quickly rebounds after touching 117400, which corresponds to the technical entry near the ↓ band, validating the effectiveness of the short-term support in that area.
Therefore,
The large pancake can trade around the 117400-116800 range,
With a target near the 119100-120000 range.
The second pancake can trade around the 4510-4450 range,
With a target near the 4680-4780 range.
