Yesterday, the large pancake surged to around 95199, forming a spike, and then fluctuated and rose back to around 94500 in the early morning. The overall fluctuation range is limited, so short-term operations should focus on selling high and buying low.

From the daily level, a doji has formed, reflecting insufficient market momentum for both upward and downward movement;

The hourly chart shows that the price fluctuation space continues to narrow, and the trend is increasingly leaning towards horizontal consolidation.

Currently, the short-term structure is moving relatively slowly, and the bullish upward movement has not continued. The plan was to pull back to find a point to follow up, but the strength and amplitude are clearly slightly higher than the planned point, so we have been waiting.

In terms of movement, it is still a step back every time, and the structural pullback does not break the completed bullish structure of this round.

In terms of shape, the pullback is still defined as a process of seeking support, so the idea is not difficult to understand, which is to focus on making more trades around the current short-term multiple pullbacks confirming support.