Indicators such as MACD are also turning downward, showing a bearish trend, so it's absolutely not easy for the overall market to move higher. Today’s market also unsurprisingly started declining from 9 a.m. at the 4198 resistance level, and currently, it has directly broken below the 4100 support level, with the lowest touch at 4090 before a short-term rebound began.

Therefore, overall, since a new low has appeared again in the short term below, the market may experience another small rebound to repair some losses. But as I said, it’s still quite difficult for the bulls to confirm a bottoming rebound. So at this stage, even if there is a short-term rebound, it can only be a small, tentative attempt to go long.
Currently, because the market has consecutively broken through key previous support levels at 4150, 4130, and 4120, and has stabilized somewhat around the 4100 support level, our short-term long positions can only gradually watch these supports turn into resistance levels. The key is whether the 4150 level can hold again. If it does, the bulls still have a fighting chance.
Above, we might see further upward movement toward 4170-4195, near today’s low point. But if 4150 cannot hold, then it’s best to continue to be bearish and look down toward the 4100, 4050, or even the previous low at 4020!