Currently, the 4-hour double needle tests the short-term bottom; twice breaking below the 4-hour middle band, followed by a certain degree of rebound. In this round of decline, there was almost no consolidation time, and the strong bullish rebound this early morning is due to news sentiment. Once digested, the market will continue to gradually decline and weaken, with a low probability of reversing the bullish trend. The rebound is not a reversal; there is still an expectation of further decline, and signs of a trend reversal are emerging. The expectation of a downward adjustment for the bears is quite high. The current rhythm is to continue the decline after a rebound correction, following the continuation of last night’s bearish trend. The price has not yet shown clear signs of bottom formation. Establishing a bottom usually requires a long period of consolidation to exhaust the downward momentum or a rapid surge with almost no pullback, characterized by successive higher highs and steadily rising lows. Therefore, future positioning should continue to focus on the evolution of the bearish trend. During the daytime, while the main trend remains bearish, short-term rebounds can also be good opportunities, especially during evening and midnight trading sessions, as the bearish momentum accelerates.