Based on the chart, after the price reached a high of 2414.35, it has been consolidating above 2400 without any strength to break through. This is a typical case of a high-level stagnation—bullish momentum has been completely exhausted, and selling pressure above is like an iron wall, firmly suppressing the price.

Looking at the technical aspect, the price is seriously deviating from the short-term moving average, with the divergence reaching an extreme in this cycle. According to technical rules, a reversion to the moving average is an inevitable trend, with the first target being a pullback to support levels of 2350-2370.

The most dangerous factor is volume. During this rally, volume has been shrinking throughout, which is a "volume-less rally." Without genuine capital support, the rise is like a house built on sand—liable to collapse at any time. Additionally, major funds are quietly offloading at high levels, and the more retail investors chase greedily, the stronger the subsequent downward pressure will be.

Trading suggestions:

Do not chase long positions now. Consider shorting at 2400-2430, with the first target at 2350, and if support breaks, then target 2300.