The pancake is facing a certain level of bearish pressure in the short term. Yesterday was the worst performance, steadily holding on, and we won't elaborate further here. From an hourly perspective, MA7 and MA30 are showing a bearish arrangement. In the short term, the pancake has already broken below the lower Bollinger Band, further highlighting the current market's bearish dominance.
Short-term bearish momentum is showing clear signs of exhaustion, and prices near the lower Bollinger Band may receive some support. Early on, we should look at technical indicators.
Pancake 8.57-8.62 range, looking at 8.7-8.8, with a support level at 8.53.
Instrument 2900-2950 range, looking at 3000-3050, with a support level at 2890.


