The large pancake is currently consolidating in the 94K range, with an extended adjustment period. Due to hawkish interest rate cut expectations and the emergence of arbitrage selling, the large pancake continues to adjust downwards. It is currently in a resistance zone after a double bottom pattern, and may continue to maintain a range-bound oscillation before a trend reversal occurs. If it breaks through 95K and forms a trend breakout, opportunities for entry can be sought in the pullback range.

Reference entry point for large pancake in Kongdan: Light short in the 95500-96000 range, target: 94000-92600