Today's pancake trend focuses on the key point of 108500. If the price can effectively stabilize above this level, from a 1-2 hour perspective, a rebound trend is expected, with key resistance levels to watch above at 109060, 109760, and 110485.

If the intraday rebound cannot break through 108370, it means that the rebound momentum is insufficient, and the downward trend is likely to continue. The support level below to pay attention to is 107200.