How to view the afternoon of the second pancake?

1. Support Level

1850: There is a short-term support nearby; if it cannot break through, it will continue to move south. 1,900-2,000 is a stronger support level, caution against a squeeze from the upper edge. 1,700-1,750 has been tested multiple times recently; if it breaks down, it will accelerate southward.

2. Market Sentiment

Recently, the upper edge of the second pancake has surged, with an open interest ratio of 62%, reaching a new high since the bear market of 2021. Whales continue to sell, indicating the pessimistic expectations of major players. MACD: A crossover has occurred recently, indicating an increase in downward momentum. The current RSI is about 58, in a neutral position but continuing to move south; breaking 50 will further confirm the downward trend.

3. Suggestions

Move north to the 1850-1900 range, with the target looking towards the 1750-1700 area.