Pancake Afternoon

Pancake, after a round of early support and a pullback, continues to fluctuate at a low level. Currently, it is hovering around 111200,

The 4-hour downward trend remains unchanged, with each rebound accompanied by a deep pullback. Currently, it is under pressure from the middle track, showing a series of declines. There are no obvious strong rebound signals in the smaller time frames, maintaining a high resistance in the afternoon.

Refer to the resistance around 111500-111800, and look at the support around 110000-109000.