The bears finally showed their hand in the evening. After multiple failed attempts to break through the 63000 integer level, the bulls' patience ran out, and selling pressure was unleashed in a concentrated manner. The price pierced directly through the key support at 62500 with a large bearish candle, signaling a formal breakdown of the high-level range-bound consolidation pattern that had persisted for nearly a week. After the breakdown, the decline was smooth, with the lowest wick reaching the 61500 area, indicating thin buying support below and a complete lack of resistance from the bulls. Market sentiment has fully shifted from bullish to bearish.

On the daily timeframe, this solid bearish candle simultaneously broke through the cluster of short-term moving averages and also fell below the previous low of the 62500 platform, forming a small "head and shoulders top" pattern. The technical outlook has turned bearish-dominant. The bounce to around 61600 is a typical "breakdown retest" rather than a trend reversal. The 61800-62000 area above has now transformed from support into strong resistance. If the rebound fails to reclaim the 62500 level, the bearish trend will continue.

In terms of trading, follow the trend and shift from a bullish to a bearish mindset. Focus on opportunities to short on bounces. The first resistance above is at 61800-62000, with strong resistance at 62500. The initial target below is the 61000 integer level. If the evening close fails to recover 62000, then it is highly likely that the market will continue to seek support lower tomorrow. The breakdown is a done deal—don't try to guess the bottom or buy the dip. A bounce is the entry opportunity for short positions!