Consolidating with shrinking volume and sideways movement, this is definitely not a bottoming signal; essentially, it’s just a temporary stalemate between bulls and bears, waiting for a directional breakout.

The overall market high points are continuously moving lower, and the bullish momentum for upward attacks keeps weakening. The resistance at the 79,843 level repeatedly tests but has never been effectively broken through. Although there is support from funds below, the 81,300-81,500 range is crowded with sell orders, and each rebound is strongly suppressed and falls back. Signs of funds leaving at high positions and cashing out are very clear.

Currently, the market shows no clear trend; patience and watching for a trend change is the best approach. Keep a close eye on the key support at 79,843. If a third dip occurs with increased volume and breaks below, the market will likely accelerate downward. At present, the funding rate remains stable and neutral, and the market chips are balanced. Major players can easily leverage sudden sentiment shifts to push prices unilaterally, shaking out and trapping both long and short retail traders.

For trading, it is recommended to hold light positions in short trades following the trend. Confirm the breakdown before adding to positions. The initial target for the decline is 78,500. If the market rebounds to test the 81,300 resistance zone, a quick small stop-loss exit to avoid risk is sufficient.