Monday: Weak recovery continues without falling, the trend remains weak

Overreaching has always been a tree without roots; it cannot last long because it has no foundation, just like the crazy rise of a bull market slowly declines step by step, gradually building a bottom.

The weekend's market, after two days, has been exactly in line with our expected rhythm: Saturday was a weak sideways consolidation without a surge, and Sunday saw insufficient stabilization in the consolidation, leading to another decline. This is the rhythm of a weak pattern, characterized by lack of strength in upward movement and a predominance of bearish sentiment.

From a technical structure perspective, on the four-hour chart, the recovery in upward movement is under pressure from the middle track's pullback. Bulls seem to have a turnaround, but in reality, they are willing but unable. The supply soon becomes insufficient, turning bearish, and immediately leads to a decline. The pattern still shows clear losses. Although there is some recovery demand in the short term, it does not reach the result of a surge. Currently, the bears have not fully released their positions, and the upward recovery at high levels will face pressure.

Today, we maintain the high short rhythm unchanged:

In terms of operations, I personally suggest shorting in the 94200-94600 range, targeting 93000-92000.