Weekend market finally stopped crashing wildly and returned to a sideways, frustrating grind! Let's get straight to the point: the major bearish trend remains unchanged — the daily high was hit with a long bearish candle, breaking below the key support around 69,000. Now the highs are getting lower and lower, clearly indicating a downtrend; the 4-hour chart also broke below 69,500, fluctuating between 66,500 and 68,500, forming a definite downward channel.

However, there is a short-term recovery opportunity — the MACD below the zero line shows the green bars are shortening, and a golden cross is approaching, indicating the downward momentum is weakening; RSI has dropped to 25-30, indicating oversold conditions, so a short-term rebound is likely. The 1-hour chart also shows signs of bottoming out, with the MA5 starting to flatten and turn, and support levels gradually emerging.

This is just a corrective rebound; don’t think the big trend has reversed! Weekend trading should follow a narrow range of oscillation, avoid chasing highs or selling lows, take profits when appropriate, and manage your positions carefully!