The big pancake is entering a sideways consolidation on the 4-hour level, seeking a breakout direction. There is some upward momentum, but it also faces overbought adjustment pressure. The Bollinger Bands are narrowing, and with the weakening MACD momentum, it suggests that the short-term market may lack strong directional guidance.
Those who are waiting can look for an opportunity to enter after the US market opens, continuing to focus on short positions, targeting the 101500 level below.
