Big pie overall direction judgment: Maintain a bearish outlook

Yesterday, ETF outflows were 269 million, which is a relatively large outflow amount.
The daily chart shows a bearish engulfing K-line pattern.
At the same time, the weekly chart’s rising channel is suppressing price, and there is a clear short-selling signal.
The current price is in the top area, and it’s not recommended to chase longs for long-term positions.
For right-side position building, wait until the shorts are aligned before arranging medium- to long-term short positions.
On the 4-hour timeframe, shorts are aligned, and the bearish trend has been confirmed.
If it breaks below 7.82, the selloff will accelerate down to 7.5.