In the early morning, the bulls attempted to push higher, reaching around 64,250 before facing resistance and pulling back. This was just a small struggle for the bulls; the moving averages above are layered with resistance. In the short term, the key resistance level at 65,000 remains a significant obstacle that the bulls currently find difficult to surpass. The overall trend still favors the bears, and the rebounds are just continuation of the downtrend; the trend has not been reversed. From a 1-hour technical perspective, the overall situation is a oversold weak rebound, with MACD forming a golden cross and RSI oversold, indicating a need for correction. However, due to insufficient volume and dense resistance, the rebound height is limited. Therefore, the trading strategy remains focused on high points.