From the perspective of technical analysis, the four-hour level market has rebounded after a strong downtrend and has entered a clear correction cycle. Although the bulls are gradually recovering some lost ground, the Bollinger Bands still maintain a downward opening shape, and the technical structure has not undergone a fundamental reversal; the main trend remains bearish. At the hourly level, the market rebounded and encountered resistance below the upper Bollinger Band. The moving average system shows an upward divergence, but technical indicators have already shown signs of turning back down. Although the short-term market exhibits a temporarily strong pattern, under the premise that the larger bearish trend has not reversed, the probability of a second test of the lower support after this round of rebound cycle significantly increases. In the morning, pay close attention to the strength of the rebound. When the rebound momentum weakens or clear pressure signals appear, it may be an opportunity to position bearish positions, strictly controlling positions and stop-loss.