Sunday Evening Silk Road:

From the 4-hour technical perspective, the Bollinger Bands are showing a horizontal trend, with prices repeatedly testing the middle band and facing resistance, clearly demonstrating strong selling pressure from above. Meanwhile, the RSI indicator continues to hover below 50, indicating insufficient buying power in the market, with an overall neutral to weak pattern. The MACD indicator's fast and slow lines are continually converging, with a death cross pattern gradually forming, suggesting significant downside risk in the future.

Looking at the 1-hour level, the Bollinger Bands channel has significantly narrowed, indicating that the market is about to end the current volatility and choose a breakout direction. Although a KDJ indicator golden cross appeared in the morning session, the J line quickly fell back after touching the overbought area, indicating the bullish rebound lacks sustainability and is unlikely to change the short-term weak pattern. Investors should closely monitor the breakout of key levels and be wary of trend reversal risks.

Operational Suggestions:

Short in the range of 104000-104500, with a target near 102000-101000;

Short in the range of 2540-2560, with a target near 2450.

Be sure to set strict stop-loss orders when trading to control risk.