After the price of the pancake surged, the upward momentum gradually weakened, and the trend entered a phase of sideways volatility. Since a bearish direction has been established, it is advisable to remain calm and wait for market changes over time. Just as one must be determined in direction when rowing against the current, it is important to hold onto one's judgment at this moment, waiting for the situation to clarify, perhaps leading to the anticipated change. The planned short-selling price has been reached, and one might consider entering and observing the subsequent developments.

5.8 Afternoon Analysis
In the morning, it was mentioned that breaking 980 could continue to look up, and the price has soared to around 992, with some upward space left. The closer it gets to the 100,000 mark, the harder it is to break through. It is essential to manage risk well and closely monitor indicator changes. Once the three lines cross, it is advisable to wait for a pullback before continuing to rise. Recent fluctuations have been substantial, so please adjust flexibly according to market trends.

From a technical perspective, the overall trend is a fluctuating upward trend, but there is significant resistance above. The price has broken through the upper track, and the upward momentum is leaning towards the upside in the short term, but KDJ is close to 90, and MA is in an overbought state, indicating a possible pullback. Given this point, the morning high is the primary focus.

For rebounds, look to sell near 997-990.
Target around 975-970.
For rebounds near 1920—1905, look to sell.
Target around 1835-1800.