⏰ The big pancake is back at 93000, the key level that has been mentioned repeatedly, important support at the 4-hour and daily chart levels. Just a reminder for those in cash not to chase shorts at key support levels based on small time frames; if it breaks, wait for a pullback confirmation before shorting, otherwise it’s easy to get caught at the floor.
Let's first focus on the close at 8 o'clock. If it closes above 93000, it is a phase stop-loss signal at the 4-hour level; just take a long position on the left with a stop-loss at the previous low. On the right, wait for a double bottom to form.
The resistance levels for the day are around 94000, 95000, and 95480. Around 96800 is a high-density area for 4-hour positions; it must hold effectively here to have a decent upward trend.
🏁 At the daily level, there are currently no stop-loss signals, and the important support at 93000 cannot be broken. The support levels below are 91600, 89000, 86500, and 85500. Those with positions should pay attention to manage the liquidation price well.
📍 Tomorrow night at 21:30, the non-farm payroll data is coming; I wonder if we will see a double bottom structure at the 4-hour level in the next couple of days (which many partners are hoping for), and then use the news to push down a bit before going up. Therefore, the close in the morning of the 11th is very important; everyone should get up early and not sleep in 🤪