The pancake rose and then fell, clearly under pressure in the short term

Today, the pancake peaked at 104200 but lacked momentum, continuing to oscillate near the middle track of the Bollinger Bands. The current K-line shows a series of small bearish candles in a pullback, and the MACD bullish momentum bars are gradually decreasing, with signs of a death cross on the fast and slow lines, indicating a short-term top signal. A 'Evening Star' pattern has appeared on the 4-hour level, with support to watch at the 100800-101200 range.

【Operation Suggestions】 Focus on short selling, pay attention to key level defense

1. Gradually short at the current price of 103000-103500, with a stop loss above 104300

2. First target at 101500, if broken, look down to 100800

⚠️ Important Reminder

• Nighttime liquidity fluctuations may amplify, it is recommended to take profits in batches

• If it quickly breaks below 100500, a light position can be used to short (strictly with a stop loss)

• For long positions, observe for now, waiting for stabilization signals

Remember: The market is always right, if you are wrong, admit it! Proper risk control is key to a long-term battle, may we all profit steadily amid the fluctuations.