In the past two days, the pancake has continued to oscillate in a range. The Red Three Soldiers pattern, the KDJ indicator rebounding from a low position, and the adjustment in trading volume all indicate signs of a tentative rebound in the short term. However, there is significant resistance above, and we need to pay close attention to the breakthrough or breakdown of key levels.

In the short term, there is a possibility of maintaining an oscillating upward trend, but the highs are gradually declining, and there may be some resistance near 105000 and the short-term high point of 105500.

Therefore, until there is an effective breakthrough above 106000, we should intervene in the rebound relying on the pressure above, while the short-term target is to pay attention to the situation of breaking below 103300, and if it breaks, focus on the lower level of 101800.