The pancake started to rebound from a low of 746, with an increase of 30% before encountering resistance at the price level of 990. The 4-hour K-line chart shows that the MACD indicator diverges from the price, which is a signal of a short-term top, suggesting that this round of rebound may be approaching its end.

In terms of operational strategy, it is essential to pay close attention to the support level at 950. Once this position is effectively broken, the retracement trend will be confirmed, and the downward structure will also be established.

In the current situation, a short-term bullish position is a relatively clear operational direction, with an initial target price of around 970. If this resistance level can be successfully broken, then the 100000 mark is expected to be confirmed.