The large pancake has dropped significantly this morning without any negative news; it is a washout by the institutional traders to clear the bulls.
This sets the stage for future increases, and since the current pullback has not stabilized, we need to observe.
The important support level is at 95000; if it falls below that, we need to pay attention to 91000.
However, there is no need to worry; sharp declines often occur in a bull market.
In the short term, it can be viewed as fluctuating within the range of 95500 - 99000, with the overall direction still being upward.
The intraday support reference is around 95000, and the resistance reference is around 98000.
