The rise of the pancake is gradually slowing down, with obvious signs of retreat after a peak. Short-term pressure is evident, and the return of bulls will take time.
On the daily chart, there are multiple resistances, making a rapid rise difficult to achieve, and a pullback is needed to confirm the strength of the bulls.
The market is experiencing frequent fluctuations, and pursuing long positions at high levels requires caution. Currently, the bearish trend is dominant, with lows being frequently refreshed and rebounds lacking strength.
Therefore, under the current circumstances, choosing a bearish strategy is wiser, waiting for the adjustment strength before making a decision.
Remember, the market changes rapidly, and being flexible in response is key to seizing opportunities!
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