The overall current trend structure is already very clear and straightforward.



The short-term double top pattern has been established, the neckline has been effectively broken, and the break point happens to be near the key support of the previous upward channel's lower boundary. Once the channel's lower boundary is broken with increased volume, it indicates that this phase of the upward trend is essentially over.

Even if there is a forceful rebound against the trend later, theoretically, there are only two possible patterns: a wedge-shaped rebound or a triple top. Based on the overall market situation, the probability of both these patterns is very low.

The operational approach is clearly outlined:
Do not blindly chase short positions; patiently wait for a small-scale technical rebound. The rebound target is around 77,800, and once this area is reached, consider shorting accordingly. If the market accelerates downward again, the 73,500 zone is likely to be tested for a pullback. After reaching this level, observe the new market structure and reassess the direction.

The core view at this stage: the trend is biased downward, and the main strategy is to short on rebounds.
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