After breaking a new high last week, the large pancake started a continuous decline, with a noticeable drop. From the current perspective, further increases in the large pancake will take time. From the daily chart, the K-line shows a continuous downward trend. Although there have been rebounds of varying degrees, the upward momentum is limited, and the continuity is not strong.
From the 4-hour chart, the large pancake is currently fluctuating downwards below the middle track, and BOLL shows an opening trend. It is expected that after a slight rebound in the morning, it will continue to decline. It is recommended to primarily look for short positions after a slight rebound during the day.
Large pancake: short around 95600, targeting 94200 and 92800
