January 1st Big Pancake Current Market Analysis!

From a technical indicator perspective, the MACD shows that the bearish trend is still continuing, but the RSI is nearing overbought levels.

Many believe it will drop to 88,000, but the actual data has a deeper meaning. There is over 4.5 billion in short liquidation price above 100,000, while the short liquidation price below 90,000 is less than 100 million, indicating very light selling pressure.

Last night's rally may have been a trial action by the bulls, accumulating strength for the subsequent rise.

Currently, the US stock market is closed, and the market is likely to remain volatile. Do not be misled by the fluctuating market; from a long-term trend perspective, I am more inclined to believe it will climb towards 99,000!