From the market structure, the double bottom rebound has consistently lacked sustainability, with the highs continuously moving lower, and the center of gravity steadily declining—typical of a bearish dominant trend.

Even during short-term rallies, it’s difficult to break through key resistance zones, as trading volume cannot support the move, and the momentum is insufficient. The probability of further weakness and decline remains high. Maintain a firm bearish outlook; rebounds are good opportunities to short.

Trading suggestion: Short around 2040-2070, targeting 1980-1950, with a break below 1920.