Morning Pancake

Last night's pancake dipped as low as around 114500, with a slight rebound stabilizing above 115000, overall fluctuating within the range,

In the four-hour chart, after briefly breaking above the upper Bollinger Band, it quickly faced pressure and fell back, gradually moving towards the middle Bollinger Band position. Currently, market momentum is entering a brief consolidation phase, more like a pause at a high level for short-term adjustment, showing no obvious signs of contraction, nor displaying signals of a trend reversal.

It is recommended to watch for the pancake to pull back to around 115000-114500, looking for 116500-117500.