The current main trend is dominated by bearish control. Technical indicators are forming a bearish confluence, strongly confirmed by both the decline and a major net outflow of funds. He Qingyao’s large-volume capital continues to withdraw from the market. Although there is a net inflow on the 5m and 6h charts, the scale is far smaller than the long-term outflow, making it only a brief pause during the downturn. It is recommended to wait and enter after a rebound is met with resistance.