From the overall market trend perspective, the current bearish dominance has not undergone any substantial change. The slight rebound seen at this stage is essentially just a technical correction during the decline, not a sign of a trend reversal or strength. Adhering to the idea of "sell on rebounds" aligns with the current market rhythm. Be patient and wait for the market to weaken again and fall in a waterfall manner.

Looking at the recent price movement trajectory, the overall center of gravity has been gradually shifting downward. Each rebound rally lacks sufficient strong buying support, and the upward momentum is severely limited. After rising, prices often encounter resistance and are suppressed, making it difficult for the bulls to form an effective breakout. These rebound patterns are mostly short-term capital games causing volatility, often aimed at enticing follow-up longs. Once the enthusiasm fades, the bearish forces will re-concentrate and release.

Currently, the key resistance zone is clearly defined. Every time the price reaches this resistance area, obvious signs of stagnation appear. This is also an excellent point for short-selling setups. There’s no need to rush into trades; wait until the price rebounds to the level where upward momentum exhausts, then follow the trend and go short, consistent with the overall trend trading logic.

The support levels below also have clear reference points. Once this rebound ends and the bears regain strength to break through the key support levels, the market is likely to enter a rapid waterfall decline, opening up profit opportunities within the range. During trading, stick to the major trend judgment, avoid being misled by short-term minor rebounds, control entry points and risk boundaries well, and patiently hold positions along the bearish trend until the decline plays out.