The current market is in a compressed state with resistance above and support below, with the daily chart showing the 200-day moving average continuously declining, indicating that the medium to long-term trend has not yet shifted to a bullish reversal. Accompanied by a double needle top failure at 79,000, the short-term trend has turned into a sideways and slightly weak movement. The current rebound is still a correction. From a four-season perspective, the price has broken below the 50-day moving average of 77,000, which has become a dynamic resistance level. The moving averages above are showing a bearish alignment, indicating a risk of further downward testing in the short term. Watch around 75,000 - 75,500, as this area is also a zone of high trading volume and moving average support.