Yesterday, the pancake continued to consolidate in the low range until early morning when it stopped declining and rebounded, with the price climbing from around 1094 to 1123, a fluctuation of nearly 3000 points, which is relatively considerable. This morning, after the price touched the previous high point line resistance, a short-term pullback occurred. It is expected that the intraday pattern will still maintain a test of the upper and lower bounds, and attention should first be paid to the triangular oscillation range.

Specific operational strategy

Upper side: When the price approaches around 112000, a short position can be attempted; if there is a strong rise and a direct breakthrough of the resistance level, then follow the trend to enter a long position, capturing a profit space of 1000-2000 points with relatively low difficulty.

Lower side: If the price normally retraces to the range of 110500-110000, a long position can be set up, with the initial target at 112000, and if that breaks through, then further look up to 114000.