In recent days, the pancake has been repeatedly breaking through the peak without any pullbacks. Although it shows a simultaneous upward movement at both the bottom and the top, with the arrival of the new week, the Asian market continues to pull and refresh highs. This rapid increase has also liquidated a batch of peaks, and liquidity has significantly weakened. After a series of small consecutive gains, it turned negative, so we need to pay attention to two key positions moving forward.

A break above the new high of 122800 could lead to 123500-124600 range.

If the break fails, we need to watch for the double top structure near this position for potential entry.