Overall Trend: The current market is in a downward trend along the descending channel, currently oscillating and consolidating in the range of 4332 - 4444. It remains to be seen whether this is a continuation or reversal signal in the downward trend, requiring further observation of the breakout situation. Support and resistance: The lower edge of the range at 4332 is short-term support, while the upper edge at 4444 is short-term resistance; important resistance levels above are 4525 and 4684, while potential support below is at 4232.

If the upper edge of the 4444 range is broken upwards, it is expected to end the downward trend and rebound; if it falls below the lower edge of 4332, the existing downward trend is likely to continue. In the short term, positioning can be around 4444-4332, with high confidence at low points!