Old Horse's pancake morning strategy is clear and straightforward, short at the 104k level, first target at 102.9, can close half of the profit first, set the opening position to the Zhi Sun position

Hourly Chart (Figure 1):
After reaching 105000 yesterday, it has pulled back and is currently in a short-term high-level consolidation.
The EMA and MA moving average systems are still in a bullish arrangement and have not been broken; after a pullback, there may be a possibility to test the highs again.
CCI has pulled back but remains above 100, momentum is still acceptable.

4-Hour Chart (Figure 2):
The moving average bullish structure is clear, with strong support from MA10 and MA20.
After a strong attack following the previous breakout platform (around 94000), it is currently undergoing a technical adjustment after increased volume.
The current pullback has not broken below EMA10 (around 103400), and the medium-term bullish trend continues.

Daily Chart (Figure 3):
The key resistance of 110000 has been tested previously but was unsuccessful.