Double pancake in the Qing Cang Cong 2360-2380 area, target 2250/2180, and the range near 2400

Double pancake today surged to a high of 2395 by leaning on Chuanzi’s “mouth-cannon” and the leftover warmth of the weekend, then started to pull back; it’s currently consolidating around 2360

First, let’s look at the technicals. Double pancake has been pulled up from 2180 all the way, and this round of gains is approaching 8%, looking like a roaring momentum. But take a closer look at the volume: this bullish candle rose, yet the trading volume didn’t expand in sync—this is a classic shrinking-volume rebound.
The RSI on the hourly chart has already entered the overbought zone. Even though the 1-hour MACD is in the bullish zone, the momentum histogram has started to flatten, meaning the bulls’ ammunition is nearly out.

More importantly, there’s the 2400 gate. This is a strong resistance at the daily level, and it’s also the upper boundary of the previous bull market’s declining channel. The last time double pancake hit this level, it was directly driven back below 2000. What about this time? The volume is even weaker than last time—so why would it break through? When good news is exhausted, it’s just “good news is finished”—Star Brother has talked about this many times.
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