3.24 Pancake Analysis:

On the 4-hour level, the Bollinger Bands continue to open downward, with price suppressed by the upper band. Multiple rebound attempts have failed, and bulls are clearly losing momentum. Moving averages across all cycles show bearish alignment, with short-term MAs pressing down layer by layer, limiting upside space. After the KDJ indicator's 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. The current market shows weak oscillation and downward movement, with rebounds serving only as corrections. From an operational perspective, follow the trend with high shorts, avoid blind bottom-fishing, wait for rebounds to encounter resistance before entering in tranches, and strictly control position risk.

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