8.25 Early Morning Analysis

Reviewing the evening, the pancake exhibited narrow oscillations in the range of 114300-114900, with both sides locked in a struggle within this range.

From the hourly Bollinger Bands perspective, the channel is overall in a horizontally converging state, with narrowing spacing, limiting the short-term volatility.

The pancake continues to operate between the middle band and the lower band, reflecting that the short-term momentum is slightly dominant, but has not yet formed a trend of selling pressure. Therefore,

The pancake can wait for a rebound, focusing on 113800, 113300.

The target can be seen around 114800-115300.

The second pancake can wait for a rebound, focusing on 4780, 4730.

The target can be seen around 4880-4960.

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