Although the large pancake broke through the 110,000 mark yesterday, it did not stabilize, indicating strong resistance above. Currently, in the 4-hour chart, bullish momentum is shrinking, and the KDJ has crossed downwards, suggesting further continuation. For intraday trading, focus on short positions.

Large pancake: short around 1096, add short at 1105, target 1085-1075 ​​​

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