The overall market weakened, and last Friday night, after Pan surged to the 1841 line, it began to decline. The upper band of the Bollinger Bands on the four-hour chart formed a clear resistance. Although it reached a new high, the trading volume did not increase correspondingly, resulting in a divergence between price and volume, indicating insufficient bullish momentum. It fell to a low of 1780, breaking below the 5-day moving average support, with technical indicators showing a dual reversal signal to bearish; the KDJ indicator formed a death cross in the overbought zone, and the RSI indicator turned downward from a high position, indicating that market sentiment is cautiously bearish in the short term, with further downside risks in a consolidating phase.