The nighttime rebound of the pancake needs to pay close attention to the position of 118265. Only if it stands firmly above this position in the 1-2 hour cycle will the rebound officially start; after the start, the upper pressure levels to watch can be 119135, 120485, and around 122150.

If the nighttime rebound cannot consistently stay above 118365, it indicates that the rebound strength is insufficient. At this point, attention should first be paid to the previous low of 116736 - as long as this position is not broken, there is still a chance for a smaller rebound; once it breaks below 116900, the lower support levels to look at are 114500 and around 113645. #加密市场回调 #币安钱包TGE #美国7月PPI年率高于预期