Since the beginning of this year, after a major breakdown below the 80k mark, a head and shoulders top neckline formed, creating significant resistance. Recently, it has continued to face selling pressure, once dropping to a new low of 58,000 after breaking the previous bottom. Although there has been some rebound, multiple attempts to breach the 60,000 mark have failed and been rejected. Currently, the technical outlook remains bearish overall. In the short term, if the 60,000 mark is not broken, one can short near this level. Watch the key support at 58,000; if it is lost, further declines may follow.

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