Evening analysis on July 24

Looking back at the afternoon, the pancake market shows clear characteristics of a washout: after dipping from the 119200 line down to around 117000, it quickly rebounded to 118700, with increased oscillation amplitude, indicating a clear intention of the washout.
From the hourly Bollinger Bands perspective, the three lines are flat, indicating a sideways consolidation trend. Dian Wei is repeatedly tugging around the middle band, and the strength of the fluctuations is temporarily balanced, leading to continued range oscillation in the short term.

The pancake can be targeted in the range of 117500-116800, with a potential view towards the range of 119000-120500.
The second pancake can target the area around 3660-3720 near the 3570-3520 range.