From the 4-hour technical analysis of the pancake, the Bollinger Bands' K-line pressure pattern has not fundamentally changed. The upper and middle bands continue to extend downwards, while the lower band, after briefly flattening at a low position, has not shown any signs of turning upwards. The overall channel still forms a slight K-line guidance for the price comparison.
In terms of K-line trends, during the process of price comparison falling from a high position, although it gained short-term support around 86200 and made a slight rebound, the rebound momentum is weak. It then fell again, and the volume during the rebound phase in suburban areas did not effectively increase, reflecting insufficient support for the K-line, and it is merely a technical correction after an overshoot.
In the short term, continue to pay attention to the validity of the support at 86000-85500. If this position is lost, the market may once again test the previous low position. If it stabilizes, take the opportunity to make a K-line rebound.
