The large pancake rebounded near 120,000 but failed to stabilize, subsequently entering a correction phase. Today, one should not blindly go long; be careful of being shaken off by the correction. The 1-hour moving average of the coin price has already started to turn down, indicating a demand for downward movement within the day. Now that it has rebounded to around 119,000, it presents an opportunity for short positions. Short in the 119,300-119,700 area, with a stop loss at 121,000 and an initial target of 118,000-117,500.
