Looking at this market, the sideways range is quite obvious—top at 3309, bottom at 3181, with an important resistance zone around 3211-3188/3182. Once it breaks down and moves lower, the next supports to watch are 3168 and 3163. If it continues to fall, 3088 and 3065 become the next lines of defense. If 3065 is also broken, a bearish pattern will form on the daily chart.

In terms of trading strategy, the key level is 3245. If the price stays above this level, consider going long; otherwise, look for short opportunities. A rebound is expected around 8 o'clock, but if the rebound ends below 3245, then short positions should continue. If the rebound breaks above 3245, then switch to a bullish outlook.

Interestingly, this time the market behavior is different from previous trends. Past breakouts were often false signals, mainly to trap retail investors or just a trick to spike the price. But this time is different—on the 4-hour chart, it has truly broken through a key level, and from the pattern, it’s clear that the bears are in control.