The large pancake has tested below 108,000 multiple times without effectively breaking down, indicating that buying pressure below remains strong. In the current market, there is no need for too many indicators to support this; the key point is: the bears have not been able to break through the support during the weakness, which presents an opportunity for the bulls.
Although the trend is volatile in the short term, the main force has not given up on the intention to break upwards. This kind of oscillation and consolidation actually provides more opportunities to enter.
If the 1,080 level continues to hold steady, the next round of rebound to break through 1,097 is just a matter of time. Those waiting for a pullback will likely miss out again.
