The market overall maintained a bearish pullback and downward movement during the day. The price fell to around 61700 after dropping from near 63700. On the daily chart, the formation is a “toothed head with reduced volume,” presenting two consecutive bearish candles; it gradually approaches the middle Bollinger band. On the 4-hour chart, bearish momentum gradually increases, forming a lower breakdown and moving below the lower Bollinger band. On the 1-hour chart, bearish momentum gradually contracts, forming small bullish candles.