After the weekend, the pancake market experienced two days of fluctuations, forming a significant high around 95000 points, followed by a correction.

In the past few hours, the K-line chart has shown a downward trend, with a low reaching 92961.8, successfully breaking the deadlock.

The current market MACD indicator shows that bearish forces are dominant, with both the fast and slow lines positioned below the zero axis, and the DIF and DEA continue to extend downward.

The short-term EMA three-line also presents a bearish arrangement, indicating a short-term bearish trend; however, the RSI indicator is approaching the oversold area at 30, suggesting a possible short-term rebound.

Therefore, on Monday morning, attention can first be paid to the rebound situation, and then based on the high points in the 95400—95700 range, continue to look for a downward trend.

The target below is in the range of 93000—92300. If it continues to break below, it may reach around 90000.

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