The pancake is deeply trapped in a weak consolidation, and the sluggish situation intensified yesterday, with the market fluctuation displaying clear characteristics of short positions. In the early session, it attempted to break through the 113400 line twice, but both times it fell back due to heavy selling pressure, with the low dropping to around 108680 before stopping the decline; currently, it is still oscillating below 110,000. The short-term moving averages are in a bearish arrangement, and both the fast and slow lines of the MACD indicator are operating below the zero axis, with the green momentum bars expanding. Although the KDJ is in the oversold area, there is no sign of a reversal, indicating a clear weak pattern. The fundamentals lack favorable support, and under the uncertainty of the global economy, the inflow of market funds is limited, leaving the pancake facing downward pressure in the short term. Ether is moving in sync with the market, showing a weak oscillating trend.