The market is in a sideways bearish pattern above a key support level. Technical indicators (MA in a bearish arrangement, weak MACD bullish crossover below zero, BOLL narrowing) and volume-price structure (shrinking volume during rebounds) do not support a strong upward move. Although there are signs of short-term capital inflow, medium-term capital outflows and heavy resistance from multiple moving averages above indicate that the bears still hold the advantage. In terms of trading strategy, avoid chasing rallies or selling in a downtrend; patiently wait for the price to rebound to the resistance zone before looking for shorting opportunities to profit from the lower boundary of the range.