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The large pancake is still oscillating around the 117,000 mark. The US stock market's AI is beneficial for the large pancake, but due to insufficient liquidity, the large pancake lacks upward momentum. In the short term, it is more likely to fall than rise, with support at 116,000 below.

The second pancake is also in a defensive posture, continuously making upward progress over the past month without significant pullbacks. After experiencing substantial profit-taking and liquidity pressure, the second pancake still shows strong performance. It is important to be cautious that if it continues to rise in the future, there may be long upper shadow issues. The likelihood of breaking through the major resistance in August is not high, with support at 3,740 below.