8.7 Early Morning Pancake Analysis
The pancake has rebounded strongly after a period of fluctuations and is currently near the first resistance level of 115000. From a structural perspective, a clear W-bottom pattern has formed on the 4-hour chart, and the bulls are gathering momentum.
The key level to watch is the neck support at 114200; as long as this level holds, the W-bottom will be established, and the market is expected to continue its upward push, with the primary target still being the daily resistance at 116000. If it successfully breaks through and stabilizes, there will be opportunities to challenge the range of 117000-118000 in the future.
Operational Strategy Suggestions:
Watch for support at 114200 and 113500 on pullbacks, and enter long positions if it stabilizes.
A successful breakthrough of 116000 will allow us to raise the target to 117000-118000.
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