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The double moving averages MA144 and MA169 create an upper resistance, making it difficult for the price ratio to break through the moving average constraints. In the MACD indicator, the green bars continue, with the momentum of the trend being released. The range of 116370-119720 forms a short-term fluctuation band, and the current price ratio is close to the lower edge. If it loses the previous low of 116566, it may continue to explore downwards.
Personal opinion, for reference only:
The range for the pancake is between 117500 and 118000, with a target of 116000 and 115000.
Auntie range 3760-3790, target 3680, 3550
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