The market for large pancakes yesterday was indeed full of ups and downs, resembling a spectacular performance of artistic gatekeeping, not only recovering the gains from the previous day but also quickening the heartbeats of market participants. However, from the recent K-line trends, a downward trend is quite evident, with long upper and lower shadows appearing alternately, highlighting the intense struggle between selling pressure and buying interest in the market.

In terms of technical indicators, the MACD histogram continues to remain in negative territory, while the DIF and DEA show a downward divergence, clearly indicating that the current market is in a bearish pattern. The RSI value is close to the oversold area, currently hovering around 28, but has not yet entered the extreme oversold territory. Therefore, it is inferred that the market may welcome a rebound in the short term, but from an overall perspective, the weak pattern is still difficult to change. Looking at the EMA indicators, all three lines show a downward trend, and EMA7 has already crossed below EMA30 and EMA120, forming a dead cross, which further provides strong evidence for the market's downward trend.

Based on the above technical analysis, today's operational strategy suggests going with the trend, and it is advisable to continue to look for downward movement relying on the resistance level around 98500—98900. If investors are concerned about missing out on the market, aggressive ones can try to establish a position at the 97600 level. The lower target levels can initially focus on 95700 and 94200. If the market continues to decline, the possibility of further looking towards the 93000 level cannot be ruled out.