Last night, the large pancake dropped to around 93930 and then bounced back, reaching a high of 95748 before falling back to 94500.

In the past few days, attempts to short have been ineffective; the bulls clearly have the upper hand, which is why I always remind everyone to buy on dips.

The daily line has risen for seven consecutive days; although it retreated a bit after peaking last night, the overall sentiment still favors the bulls.

The sideways consolidation during the day is actually allowing the bulls to gather strength, and last night's surge was within expectations.

However, after breaking new highs, the momentum is insufficient, and technical indicators are starting to show divergence. Coupled with low volatility over the weekend, it is likely that we will see back-and-forth fluctuations at high levels.

In terms of operations, we should sell high and buy low within the current range. If it breaks below 93000, we should exit; if it breaks above the previous high, we can chase the upward trend. For short-term operations, be flexible and exit when necessary.