Midnight Pancake Discussion:

The intraday pancake has been declining, which has provided a satisfactory answer. The market is always in a cycle, and what we need to do is maintain faith and belief, quietly waiting for the spring blossoms.

Key support to watch at the night stream is around 106700. If there is a pullback that cannot break through and stabilize at this level, a new round of decline may begin. We will continue to look down towards the levels around 104500-103000-102000.

Conversely, only if the hourly level can stabilize above 106700 does it indicate that the upward momentum is about to trigger a rebound. The resistance levels to watch above are around 107700-108700 and 109500.