The current market distribution of the pancake is near our predicted point in the afternoon. Looking back at the morning's pullback to the current point, the rebound trend has clearly weakened. Overall, the Bollinger Bands are gradually narrowing, which is a precursor to a major market explosion. The upward movement has been hindered, presenting an opportunity for the bears to rise strongly. Our strategy remains unchanged, shorting the pancake near 103500 (note the defense point at 103800).

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