Last week's rebound still couldn't hold, dropping from the high point and oscillating all the way down to around 86,500. The whole process seems like testing the bottom support. This level is very critical; if it breaks further, it could directly fall back into the 8,000 range. Once lost, it would be dangerous—next target is very likely in the 7,000 range, and then it will be a big problem.

This week's performance has been really frustrating. It desperately resisted at 3,450 but still couldn't withstand the pressure, sliding all the way down to 2,980. Honestly, there's not much to look forward to at this position. A downward test of the previous low seems unavoidable. In my opinion, don't rush to buy the dip on the left side; you must wait for a clear short-term rebound confirmation before entering the market, and only act once there's a supportive pattern.

Although the range hasn't been completely broken, I feel the risk signals are becoming more obvious. The current correction pattern has been quite weak, with diminishing strength, and small-scale chart structures have also been damaged. From an operational perspective, you could consider small-scale short positions to bet on a breakdown, or patiently wait for the pattern to stabilize at the low area before entering from the right side. In the short term, this direction doesn't look very optimistic.