The pancake was still the same last night, fluctuating between 117000 and 119200. After dipping to 117000 yesterday, it was quickly pulled back up, and now it has risen above 119000, indicating that the bulls are still quite strong. Focus on the 121000 level; if it can break through, it's highly likely to reach a new high; if it can't, then we'll continue to play in this range with high sell and low buy!
Looking at the four-hour chart, the price has been consistently above the middle line, although there have been several dips down that were quickly recovered. The bulls have substantial energy and seem inclined to push upwards, but there is obvious resistance at the upper line.
Short-term trading advice is to go long near 117500-118000, with a target of 119500-120000.
