Big Cake Evening Outlook

The downtrend has not ended. Repeatedly remind not to blindly go long or buy the dip against the trend.
Until there are clear signs of a bottom, do not subjectively speculate on a reversal. A sharp decline does not necessarily mean a rebound; often, the decline is just beginning.
After breaking below the wedge pattern, the two attempts to rebound failed to return to the range. Subsequently, it lost the key supports at 68844 and 68141, creating new lows, currently testing around the previous low of 67300.
If 67300 is effectively broken, the previous bullish structure will be definitively over, and the next support level to watch is 65971.
To stabilize and rebound, two conditions must be met:
First, the 67300 low must hold or be quickly recovered after a false break;
Second, a move back above the 68141–68844 range is needed to attempt a rebound toward the lower edge of the wedge at 69355, and further toward 70058.
Otherwise, any upward movement should be viewed as a weak rebound within a downtrend.

Trading Suggestions:
Continue holding short positions;
If no position, consider shorting in parts near 68961 during a rebound;
Or wait for a break below 67300 with a weak rebound to chase the short on the right side, strictly with stop-loss.
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