9.3 Morning


Although the short-term trend appears strong, the key resistance level has not yet been broken, and selling pressure is concentrated in the upper range, resulting in insufficient upward momentum in the short term. The current downward wave is in a consolidation phase, and attention should be paid to the resistance around the 112000 level, as its breakthrough or failure will directly impact the direction of the short-term trend.

The pancake returned to 111800, looking at the range around 112500, and aiming towards 109800-110800.
The second pancake returns to around 4370-4450, looking towards around 4200-4270.
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