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Today’s Big Pancake Analysis
Price broke below the BOLL lower band and quickly rebounded, forming a lower shadow, a typical oversold sell-off signal.
Although the midline (66,791) is still trending downward, indicating that the overall trend has not shifted to a strong bullish phase, the downward momentum from this morning has been exhausted. Currently, the market is in a weak rebound correction stage.
The key level at 66,516 (BOLL lower band) is a strong short-term support, and 66,791 (midline) is the first resistance level.
Today’s strategy focuses on oversold rebound opportunities. The current range of 66,520 - 66,600 can be used for long entries. If the 15-minute candlestick closes above 66,600 and remains stable, it confirms that the decline has been effectively halted.
Take-profit targets:
- First target: 66,800 - 67,000
- Second target: 67,300 - 67,600