The pancake showed a clear "pump and fall" characteristic yesterday. After dipping to a low of 100800, it stopped falling and rebounded, currently operating above 102000. The 4-hour chart indicates it is still in a correction phase, with the short-term oscillation range narrowing to 100000-106000. Although the rebound space is limited, it continues to oscillate above the hundred thousand mark, indicating there is a certain support strength at this position. After a long period of range contraction and consolidation, the market momentum is gradually accumulating, and the probability of a directional breakout in the next two days has significantly increased. The 1-hour Bollinger Bands are in a constricted state, oscillating back and forth within the Bollinger Bands range, with obvious short-term oscillation characteristics. Caution is needed in positioning based on the range boundaries.