The white plate fluctuates and declines to below 111,000, adjusting. The daily level of the big pancake has basically reclaimed most of yesterday's gains, showing relatively weak performance.

The 50% Fibonacci line on the 4-hour chart has been lost, indicating that the big pancake is facing a deeper pullback. In the evening, watch for the support at the integer level of 110,000.

The big pancake can be around: 110,500-109,600, with a target of 111,800-112,800

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