Pancake Morning Analysis
Early this morning, the pancake surged to 112330 but encountered resistance and pulled back. From the 4-hour chart, short-term bearish sentiment still exists. The market is in a phase of decline followed by consolidation, with weak momentum for bullish recovery, reduced rebound height, and insufficient upward driving force. With key resistance suppressing it, the upward space is limited and the probability of a breakout is low.
It is suggested to rebound to around 112500, with targets at 111000, 109500, and 107600.
