The pancake has successfully broken through the long-term downtrend line, accompanied by increased volume, indicating that market bullish sentiment has significantly strengthened. Although the weekly chart still closed in the red, the overall structure is relatively strong, and the rebound momentum continues.
Currently, the key resistance level is at 8.75; if it can be effectively broken through, it is expected to reach the 8.9 to 9.0 area. Further stabilization at 9.0 will lead to a short-term target of 9.2.
On the downside, support is focused on the 8.53 level, as it is an important defense line for the current market situation. Caution is needed for the risk of pullbacks caused by short-term fluctuations, and a flexible response strategy should be maintained.
