Daily level shows a continuous decline from the 2464 high, with the price firmly pressed below the Bollinger middle band. MACD green bars are increasing in volume, and KDJ at a low position has not formed a golden cross reversal. The major downtrend channel is fully open, and the current rebound is just a bearish continuation.

At the 4-hour timeframe, a standard double top resistance zone of 1620-1630 has formed. The Bollinger Bands are opening downward, and each time this range is touched, selling pressure directly causes a dump. The chart clearly indicates an expected pullback.

On the 1-hour timeframe, the short-term trend is only a weak repair after oversold conditions. The rebound lacks volume support, with layers of trapped positions overhead. The bulls have no attacking power.

Recommend going short around 1620-1630, first target 1580, second target 1560. If it breaks down, directly look at around 1510.

The market is changing rapidly; the strategy is for reference only. Please set stop loss and take profit.