This morning, the market experienced a slight rally but then started to falter. The rebound was not sustained and quickly cooled off, with the overall market enthusiasm rapidly fading. I pointed out a short position at the 91,500 resistance level this morning, and it has already fallen nearly a thousand points. Friends who followed this strategy can look for opportunities to exit on their own; the rhythm is up to you.

From a technical perspective, on the four-hour K-line chart, the price faced resistance after bouncing to the middle band of the Bollinger Bands. The several bullish candles during the rebound all have long upper shadows, indicating strong selling pressure above. The bullish momentum is already clearly weakening. Looking at the hourly chart, the price has broken downward consecutively, falling below the middle band of the Bollinger Bands, with the bearish pressure further strengthening. Currently, the market is operating within a oscillating downward channel, and the short-term correction pattern is likely to continue.