From the current hourly chart of the pancake, the price has made a strong rebound from the 100300 level, briefly breaking through the upper Bollinger Band to around 107900. However, the current formation shows clear signs of a top.

Firstly, the price has continuously surged away from the middle Bollinger Band and is now above the upper band, indicating that the bullish momentum may be overheated in the short term. Moreover, from the overall shape of the Bollinger Bands, the upper band is expanding while the lower band has not moved up synchronously, suggesting that the upward movement may lack sustainability and there is a risk of technical correction.

Secondly, from the candlestick structure, after a strong upward surge at the current high, a long upper shadow has appeared, indicating significant selling pressure above and a weakening of bullish momentum. In the short term, there may be signs of exhaustion after the rise. Considering the structural trends and indicator performance, it is not advisable to blindly chase higher prices at this moment. My personal view is that the market is likely to trend sideways and weaken, and operations should focus on short positions with light testing positions.