12.20 Small Yellow Fish Big Pancake and Second Pancake Morning Analysis

From a short-term perspective, the short-term rebound momentum on the hourly chart has shown signs of weakening, and the upward price movement is clearly losing strength. This also directly reflects the market's low enthusiasm for chasing highs. The short-term trend is likely to be dominated by oscillation and digestion. Staying above key support levels can maintain a cautious optimistic outlook. Once the support level below is broken with increased volume, a deep correction warning is issued! Given the current market sluggishness, focus on short-term and medium-to-long-term strategies, and also maintain a high-altitude trading mindset. Be cautious not to rush into bottom fishing; we are not at the bottom yet, and it’s easy to get stuck halfway up the mountain!
Saturday Morning Strategy:
Big Pancake: Range around 88,500-89,000, target 87,000-86,000
Second Pancake: Range around 3,010, target around 2,850.