The second pancake is currently starting to turn downward from the upper Bollinger Band, forming a clear pattern of a sharp rise followed by a pullback, indicating heavy sell pressure overhead!



At the same time, trading volume and open interest are both declining in sync, which is a typical pattern of a low-volume rebound followed by a breakdown with increased volume—indicating that the bulls lack sustained incremental capital. The rebound is only a contest among existing positions, making it difficult to form a trend of sustained upward movement!

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Short from around 2350, looking for 2270
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