The large pancake short position is still held, considering manual profit-taking today.

Today's short-term analysis:

The resistance levels are around 108870 and 109229, where there may be significant selling pressure from the main players.

Current price is 107611.5, with a temporary stalemate between long and short positions; short-term volatility may increase.

The funding rate is 0.0000% (neutral);

Market sentiment is neutral, with no significant bias towards bulls or bears.

Short-term trading suggestions:

Currently, this is a typical oscillation structure in the middle of a consolidation range; your strategy should lean more towards buying low and selling high, rather than chasing highs and cutting lows.

Short-term long position:

Entry suggestion: Close to strong support levels, such as gradually building positions in the range of 106700 ~ 107000.

Stop loss setting: Below 106300 (to avoid breaking the dense buying area)

Target level: 108000 ~ 108500 (starting area of red selling pressure)

Short-term short position:

Entry suggestion: Close to areas with significant selling pressure, such as gradually entering short positions near 108500 ~ 109000.

Stop loss setting: Above 109300, to avoid breaking through the selling pressure ladder.

Target level: 107200 ~ 107000, the main buying point for the main players.