Last night I mentioned that if the big pancake (referring to a currency or asset) does not stabilize at 103746, it will pull back and continue to test the support level at 102533. After the US stock market closed, it also continued to rebound to around 104000.

Recently, the market has shown a V-shaped reversal trend. According to technical analysis signals, when the price stabilizes above the 101,571 level, it will trigger a rebound market.

Entering the midnight trading session, the 103,746 level becomes a key observation point: if the price can effectively hold above this level, it means the rebound trend is still continuing, and attention should be focused on the resistance levels of 104,700 and 105,800;

On the contrary, if the price fails to hold above the 103,746 level, it indicates that the market will continue to adjust, at which point it is necessary to closely monitor the performance of the support levels at 102,533 and 101,571.