Yesterday, the overall trend of the pancake showed a downward trend, gradually declining from the high. Although it found support at 103300 and rebounded, it is currently oscillating around 104000.

In the short term, although the downward momentum has weakened, the rebound strength is also limited. Only a breakout with increased volume above 106000 will likely lead to further rebounds; otherwise, it may continue to test the support below.

Therefore, we are currently in a repair phase after yesterday's decline, and it is not advisable to chase highs or cut losses. Wait for the rebound near the upper range of 105700-106000 to re-enter, while paying attention to 104300, yesterday's low of 103300, and the level of 102600 below!