In terms of technical patterns, a clear bearish structure has formed at high levels, with significant divergence signals at the top. The downward trend is steadily advancing, whether on short-term hourly and four-hour charts or on the medium-term daily chart, all moving in a bearish direction simultaneously. Under the influence of cycle resonance, the downside space will only further open up.

The news and capital aspects are also equally bearish, with risk assets being sold off, institutional funds flowing out, and overall market sentiment remaining bearish. No positive factors can support a bullish reversal. Trading is about going with the trend. In a strong bearish market, any rebound is a good opportunity to reduce long positions and increase short positions.

Stick to the bearish main line, avoid guessing bottoms, avoid bottom fishing, and avoid going against the trend. Profits will come naturally as expected.

Trading suggestion: Short around 67200-67800, with a target near 66000-65000. If 65000 is not broken, continue with the trend; otherwise, reverse.