8.19 Midnight Pancake:

According to the current market situation, the four-hour level shows a typical weak rebound pattern. Although the price has rebounded to some extent after experiencing three consecutive bearish days, indicating a temporary resistance willingness from the bulls, the overall trend is still constrained by the continuous downward movement of the Bollinger Band's middle line. Additionally, the Bollinger Band is clearly expanding downwards, indicating that the bearish trend remains unchanged.

Combining with the moving average system which is arranged in a bearish manner, the price continues to operate below the middle line. Therefore, this rebound is more inclined to be a technical correction within the bearish trend rather than a trend reversal.

Short around 116700～117100, target focus on 114850

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