The big pancake has been consolidating at a high level, especially with the daily chart showing an alternating pattern of bullish and bearish candles. Friends who like to chase prices and sell on dips should be cautious.

The daily chart is above 90,000, and the MACD indicator has been in a corrective state. Consolidation has replaced the pullback, so after this adjustment, will there be further rebounds?

The reason we are bullish in the short term is that the daily chart has stabilized above 97,500; last night, after the rebound, this level faced resistance and fell back. If it fails to stabilize again after breaking through, then in the short term, at least we shouldn't chase high positions, but we can buy on support if there is a pullback. Currently, the four-hour chart is still in a range, and both overbought and oversold conditions can be taken advantage of!

During the day, we first pay attention to the resistance at 96,300-96,500, with support below at 94,800. If it weakly breaks below, it will continue to explore around 94,000.

Yesterday, after hitting a recent high, Auntie experienced a consecutive pullback in the short term, and last night attempted a second breakthrough at 3,700 but failed. The short-term collapse saw a drop of over a hundred points, testing the support at 3,560. The good news is that 3,560 held, preventing an accelerated short-term decline.

During the day, pay attention to the rebound high point of 3,680 from last night; a breakthrough and stabilization will continue to look bullish!