The large pancake has broken below the daily upward trend line, and the market structure has turned bearish.

It is recommended to primarily focus on shorting during rebounds. Currently, the bears are in control, and the short-term rise is a technical correction within a downtrend; do not blindly chase long positions.

Trading reference: Establish short positions in the 104.8k—105.4k range, with a short-term target of 102k; if this level is broken, further look towards 99,000.