This leg-up from “Er Bing” was suspicious from the very beginning—“Big Bing” didn’t move; only “Er Bing” was rising. This kind of divergence-style rally lacks a solid foundation. Even if “Big Bing” later passively follows the move, it’s only to cooperate briefly—any false breakout is destined to fade. As expected, it came back down.

On the chart: it surged to 2412 and then turned back, without breaking the previous high. It also broke below 2360 and the flag pattern, which officially kicks off the shorts. Right now, it’s making its first push into the 2300 area.

Next, we’ll see whether 2300 can hold:

· If it can’t hold, volume breaks the level → expect 2251 next
· If it can hold → the rebound must reclaim 2339-2360 to interrupt the decline, and then look to 2412
· If it keeps getting stuck in 2300-2339 range-bound action, that’s already the best outcome for the bulls

For execution (with volume + stop loss):

· If the 1-hour chart holds above 2325, chase a long; target 2339-2360
· If it breaks below 2307 and the rebound lacks strength, go short directly; target 2283-2251