Analysis on the morning of 8.22
The large pancake can be around 112000.
↑ Look at the vicinity of 113500-114200.
The second pancake can be around 4160, 4120.
↑ Look at the vicinity of 4320-4380.
Reviewing the evening, the large pancake first rebounded to around 114000, but subsequently failed to maintain momentum, starting a continuous 📉.
From the hourly Bollinger Bands perspective, the current middle band and lower band are both showing a downward trend, which directly reflects insufficient support for the pancake. At the same time, the upper band shows signs of diverging upwards, indicating potential for increased volatility in the short term. Although the overall focus remains downward, it has not effectively broken through the 112000 level, and the 112000 level has been proven as an effective support point in the previous 📉.
