Morning Analysis

Market highs continue to decline, rebound momentum weakens and fails to break higher, daily moving averages form a death cross, and the market has fully entered a bearish dominant rhythm.
Macro liquidity continues to tighten, the strengthening dollar suppresses risk assets, and there are no upward driving forces in the market.
From the current trend, 78,000 forms a strong resistance level, focus closely on this pressure zone. When the price rebounds to the 77,500-77,800 range, you can boldly set up short positions, with a stop-loss placed above 78,500. If the resistance level is effectively broken, then adjust your strategy accordingly and follow the bullish trend.