The big pancake is still being pressed down, and the bears are clearly in the lead, focusing on the support level of 115000. If it breaks, it may continue to drop further.
Although there might be a small rebound in the short term, don’t be fooled; the overall trend is still bearish, and the rebounds are just giving you better short-selling opportunities.
Operation suggestion:
Short directly around 117500-119000, with the initial target looking at 115000 breaking through and continuing downwards.
