The pancake market fell to the previous low point and formed a parallel low point, showing a price pattern of briefly falling below and then recovering. The effectiveness of the low point support this time is insufficient: firstly, the position is not a key low point on the left side of the consolidation zone, and the support strength is weak; The second reason is that the rebound after falling below and recovering is extremely weak, with low trading volume and no large funds entering the market. Only retail investors have made small purchases to grind the market, and there is no standard bullish signal for long positions. The current bullish and bearish forces in the market are fragile, and small news can drive price fluctuations. It is not suitable to open long and short positions in the middle of the consolidation. Short term prediction: The parallel low point is likely to fall below again; There are two types of trends: After falling below, it recovers: a slight weak rebound, continuing to fluctuate and grind to the bottom, consuming bullish chips. The rebound is not a reversal, but a time for space exchange; Unable to recover after falling below: opening a new round of mid-term deep decline. 1. Long term fixed investment investors The current parallel low point is not suitable for heavy position fixed investment, and there is still room for price decline. Before rising, there is a high probability of another deep drop, and there may even be a mid-term decline in December. Fixed positions will experience significant losses and require long-term carrying. Deterministic fixed investment entry signal: Once the consolidation range has once again reached a new low, after completing the last 1-2 rounds of sell-off, it is a high-quality layout opportunity; If the mentality cannot withstand floating losses, it is not recommended to enter the market for regular investment at this stage. 2. Short term traders Do not predict long or short positions in advance, wait for clear signals: if the price shrinks and oscillates, or if there is a standard price behavior of hunting stop loss after falling below support, then open an order accordingly; There is currently no trading value in the middle of the current oscillation.