The intraday consolidation did not provide much of a pullback. Starting from the afternoon, the price experienced a continuous rapid surge. Influenced by the strong opening of the US stock market in the evening, the bulls once again increased their volume and pushed the price higher. The recent high was strongly broken through the 72,000 level. Subsequently, the price quickly retreated, and currently, it is trading around 71,500. The hourly chart shows a long upper shadow, indicating that the price surged but failed to stabilize above the 72,000 level. The bullish momentum on the hourly timeframe is gradually weakening, with the KDJ indicator's three lines converging downward to form a death cross. The short-term outlook remains bearish, and short-term rebounds should be used for shorting opportunities.