The large pancake broke through the second resistance level last night and entered a pullback phase. Today, it is crucial to focus on the key support level of 110865. If this level holds, the 4-hour rebound trend will continue to be effective, and the subsequent breakthroughs can be monitored at the upper resistance levels of 112340, 113610, and 114600 in sequence; if today's pullback breaks below 110865, it means the 4-hour rebound has officially ended, and attention should shift to the gradually decreasing support range of 109600, 108570, and 107440.
