First, let's state the conclusion:

① If today we cannot break through and stabilize at the 118400 level, then we will honestly drop. If we can achieve this, we will look upwards to the 120500 level.

② If today we do not rise but instead fall, and effectively break below 116500, we will look down to the range of [115200-115700]. This should hold. If it cannot hold, then we open up space for further decline.

③ Can we still surge higher? Theoretically, if we want to continue to push higher to a new peak, it will be quite difficult. The first requirement is for the price to break through and stabilize at 119800; note that merely breaking through is not enough; it must also stabilize, at least remaining above this price for no less than 2 days.

④ Will the price drop significantly this month? The decline is very limited. There is strong support at the 112000 level. Therefore, we are not considering a major drop for now. Unless the consolidation lasts long enough, we do not rule out the suspicion of the main force offloading at high positions. We will discuss this when the time comes.