8.5 Early Morning Pancake Analysis
The pancake rebounded after testing 112000 last week, continuing its upward trend recently, and effectively broke through 115200 driven by the strong opening of the U.S. stock market tonight, decisively standing above the previous short-term key resistance level. The current structure has shifted towards a bullish trend, and the short-term movement has entered an upward rhythm.
However, it is important to note that the area around 116000 is an important resistance level recently; if it rebounds to this level and fails to break through smoothly, there is a possibility of a pullback adjustment in the short term.
In terms of operations:
If it remains stable above 114000-114500 in the evening, long positions can continue to be held, with upper resistance levels to watch at 116000, 117300, and 118500;
If the price encounters resistance near 116000 and fails to break through for a long time, then switch to short positions, with the first support for a pullback at 114000. If it breaks below that, then watch 113600 and 112800 nearby.
