From the perspective of the recent daily chart, the two “pancakes” have arguably followed a black swan-like rhythm. This time, it’s just a slow, steady, step-by-step move; of course, this round of drifting lower over nearly two weeks also gives some retail investors a chance to turn things around.

At present, although the overnight “big pancake” quickly regained the level after breaking below the 60K mark, it has not formed an effective continuation. All moving averages within 200 days are showing strong suppression, with the shorts arranged in a confirming pattern. Today being the weekend, the market conditions should not be ignored—watch more and trade less. In terms of trend, it still remains mainly bearish, with support from the upside. In the short term, keep an eye on taking shorts around 61,200–61,800, and watch the area near 59,500–60K.