Flood discharge has occurred, the minimum has reached 114000.

Morning Big Cake

From the 4-hour chart, the overall trend is still in a cone shape. Although there have been consecutive bullish days in the short term, it has not shaken the overall downward trend. The Bollinger Bands remain consistently downward, and with the appearance of multiple upper shadow lines, the strength of the rebound is gradually weakening. It has already stopped rising before reaching the middle band. Overall, the cone trend remains, and we will first look at the retracement situation today.

Around 116500 for the big cake, the target is 115000-114000 range. If it does not continue downward, we will reassess.