The morning market experienced a shakeout pattern with upward and downward pin bars. Although it seems like a fierce battle between bulls and bears, there are hidden risks in the details. From a technical perspective, the market has effectively broken below a key support level during the pullback phase. This breakdown indicates that short-term bullish defenses have failed, and the market's balance is further tilted toward the bears.

Although the chart later showed upward pin bars, forming a brief rebound, giving the illusion of "support below and room for further upward movement," it is important to note— a breakdown is a breakdown. Such rebounds are more likely technical retracements within a bearish trend rather than signs of trend reversal.
In the current pattern, the core support below has been lost, and the bearish trend is likely to continue, with further downside potential. At this stage, avoid blindly bottom-fishing; trading against the trend carries very high risks.
For trading strategies, it is recommended to maintain a bearish mindset, observe the strength of the rebound, and when the price rebounds to the key resistance zone above, consider short positions with proper risk management. Be flexible and responsive. Going with the trend, during the bearish dominance phase, patience is more important than impulsiveness.