The large pancake reached around the 106500 line in the morning and then pulled back to around the 105000 line. This is a normal pullback state after a failed breakout. It is currently in a phase of accumulation and preparation for the next breakout. From the four-hour level, the large pancake has shown some pullback but has not touched the middle track pressure point, indicating that the bearish strength is still insufficient to suppress it. We will continue to position ourselves with high selling and low buying strategies.
Large pancake near 104700 (note the defense point at 104500) target 106500
