The rebound high near the 83000 mark for the pancake price shows a gradually descending trend, indicating that the risk of subsequently breaking through this support level is gradually increasing. The current key turning point in the market is whether it can effectively break through the upward trend line. If successful, the market is expected to further test the 86000 resistance level.
From a technical analysis perspective, the effective recovery of this important resistance level at 86000 (which requires the four-hour K-line body to stand above this price level) is crucial for the continuation of the trend. Once this condition is met, the bulls will be expected to challenge the target range of 88000 - 92000.
It is worth noting that if the 83000 support level is broken, the market may enter a short-term correction phase. For short-term traders, attention can be paid to rebound opportunities in the 81000 - 78800 range during the correction process.
Follow me for continuous sharing of trading trends 🌹🌹🌹🌹
