After the price of the pancake successfully broke through the key resistance of 120,000, it entered a high-level consolidation due to insufficient subsequent buying.

The market shows a "breakthrough-retrace" healthy trend, with 118,000 becoming the new dividing line between bulls and bears.

Wait for a confirmation of support at 118,000 before positioning for long.

If the price stabilizes above 122,000, the target will be 125,000.

Enter after stabilizing near 118,000. The first target is 122,000.

After breaking through, the second target is 125,000.

Strictly set a stop loss below 117,700.