8.21 Afternoon Pancake:
Currently, there is a tug-of-war between bulls and bears, with the bulls under pressure from above, while the bears continue to hold a dominant advantage, operating within a clearly defined bearish structure.
The high points of the rebounds are gradually decreasing, and there is still no effective breakthrough of the bullish strength from the previous low point, indicating insufficient buying power in the market, and the bullish momentum is gradually fading.
At the same time, the price is gradually approaching the key support area of the previous daily low, and the downward target is about to be reached.
The four-hour level shows that after experiencing a rebound, the market is in a state of stagnation. The middle line of the Bollinger Bands, an important resistance area for bullish rebounds, has still not been broken, and the middle line is still on a downward trend, so the overall trend will still rely on bearish operation.
114100～114350 area short, target focus on 112280
