12.22 Sunday

The pancake continues to move in a fluctuating downward trend. Although there was a rebound yesterday, it did not continue to rise and break through the 100,000 mark. The upper support has converted to resistance, and the price has fallen back to around 65,888. If the rebound does not break, the downward trend will continue.

On the daily level, the price has broken below the middle track and stabilized below it. The key level to watch after 98,900 is this position, which may act as a dividing line between bulls and bears. For the current pattern, it leans more towards bearish, so continue to look for shorts around the upper area of 98,300-98,700, and bearish around 93,000 near 93,511,061,338,255,997,5727.