In the context of an oversold rebound pattern, the four-hour K-line shows a V-shaped reversal, and the price has successfully broken through the short-term moving averages. Currently, the downward cycles from the four-hour level indicate that short-term bulls hold the advantage, but this round of rebound is still in the early stages following a decline. The daily level large cycle remains dominated by bears, and the rebound in smaller cycles has yet to form a bullish cycle resonance. Additionally, with this weekend approaching, market liquidity may be affected, and the price action is expected to operate within a volatility range. If the small cycle rebound fails to effectively break through, it may trigger the continuation of the bearish trend at the daily level. Therefore, from a macro perspective, the market is still predominantly bearish.