The pancake successfully broke through the 102,000 resistance level in the early morning and then experienced a pullback, reaching a low of around 99,300. Currently, it is quite strong at the 99,000 support level. As long as this support level is not broken, a rebound is inevitable.
Within the four-hour time frame, the pancake's momentum continues to show a strengthening trend, with its price trajectory exhibiting a clear and orderly staircase-like rise pattern. In terms of support and resistance, the current key support area is firmly located near 99,000. If this support level can be effectively maintained, it indicates the potential for further upward movement.
As for resistance, it is necessary to closely monitor the previous high points and possible technical resistance levels. Considering the current development trend and the significant increase in buying power, the suggested strategy is to focus on taking advantage of the rebound at lower .
Operation suggestion:
Pancake around 99,000-99,500, with a target of 101,000-102,000.