Looking at the four-hour chart, as we mentioned two days ago, we provided standard levels at 69000 and 71500. Currently, the chart is marked within the green zone. Our view remains: if the upper level breaks and holds 71500 firmly, we look upward to 74000. If 74000 can hold, there's likely one more false breakout to 76000-77000 before the final move. If it breaks below 69000, we watch the lower pivot support, and the fifth wave sharp decline could arrive ahead of schedule.

In summary, operationally, we recommend that under a bear market backdrop, we've been primarily shorting at high levels—those of you following us know this well. For mid-to-long-term contracts that haven't boarded the train, you can use low leverage and control position ratios across three entries. Currently, approaching 71500, I suggest everyone can go short one position (to avoid missing any sudden crash if not on the short side). Second position near 74000, and the final position at 76000-77000. For short-term contracts: wait to determine direction at the 69000 and 71500 levels first. For spot positions, continue waiting.