3.24 Two Pancakes Analysis:

On the 4-hour level, the Bollinger Bands continue to open downward, with price suppressed by the upper rail. Multiple rebounds have failed, and bullish momentum is clearly weakening. Moving averages across all cycles show bearish arrangement, with short-term MAs pressing down layer by layer, limiting upside space. After the KDJ indicator death cross at high levels, it continues to diverge downward, with bearish momentum continuously releasing. The overall pattern remains unchanged with no reversal signals in the short term. Currently the market is showing weak oscillation and downward movement, with rebounds only serving as corrections. Operationally, follow the trend with high shorts, avoid blindly buying the dip, and enter in batches after rebounds face resistance, with strict position risk control.

Operation Suggestions:
Near 2150-2170 resistance, target 2100-2050