Evening thoughts:

Second pancake has been moving within the flag pattern's lower boundary, oscillating, and the cluster of candles circled by the red box is very poor in quality, because this cluster of candles makes it impossible to distinguish whether the bulls are strong or the bears are fierce; these are useless candles with no reference significance.
Now, a W-bottom neckline has appeared inside the flag pattern at 2345.
Only if the second pancake breaks through the neckline at 2345 on the hourly chart can the W-bottom pattern on the four-hour chart be confirmed, providing a chance for further upward rebound toward the resistance zone of 2372-2415.
Breaking through this resistance zone would then open the view toward the previous high of 2463 and new highs.
The second pancake cannot stay within the flag pattern and break below it; otherwise, it will test the support at 2257 again.
If it does not break below 2257, it will trade in a range between 2257 and 2345 with consolidation and oscillation.
Breaking below 2257 would lead to a move down to 2175 to look for a sign of stabilization!
The bullish momentum of the second pancake is indeed somewhat weak, possibly waiting for the main pancake to finish its rally at high levels and consolidate before it continues upward.
When volume supports, a breakout above 2333 on the hourly chart can be followed by a long position;
A volume-supported breakdown below 2306 on the right side suggests a short position;
Pay attention to volume changes and set proper stop-losses.
The second pancake on the hourly chart stands firm at 2333, with an upward target of 2372-2415.
On the 4-hour chart, a breakdown below 2302 points downward toward 2260-2200.
According to Fibonacci analysis, the target for this wave’s 1:1 rally is around 2533, but two conditions must be met:
First, the pullback must not break below the middle axis of the box at 2204;
Second, it must break through the upper boundary of the box at 2386 and the previous high to reach the Fibonacci 1:1 target.
Both conditions are indispensable.
The middle axis of the box at 2204 is the dividing line between bulls and bears on the 4-hour chart.
Once broken, the downside space for the second pancake will open; as long as it does not break below this middle axis, the bulls remain relatively safe.
The yellow trend line indicated by the red arrow should also not be broken; breaking it would likely lead to a retest of 2204 and a pause in the rally.