The pancake rebound is weak, with a 4-hour ascending triangle showing no breakout. If it doesn't break above 94,700, be cautious with long positions. From a technical perspective, it's in a sideways fluctuation facing a turning point.
On Monday or Tuesday, a change in trend is likely. If it breaks below 88,000-86,000 on the 4-hour chart, it will continue to decline. The 4-hour chart could reach around 80,000. If a downward flag pattern forms on the technical level, it may fall below 80,000. Currently, both the weekly and monthly charts are in a downward trend.
Note: If it breaks above 94,700, then look for the area around 98,850-100,950. Even at this position, it can still be a good opportunity for shorting!
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