The main reason is that this wave of decline is too hasty and requires repeated adjustments. An early correction, in my opinion, is to shake out those who went long at 97k, test the lower boundary of the white channel, and then go for a run to the upper boundary. There will be multiple false breakouts and false breakdowns in between. The trading logic over the past two weeks will be a short-term battle between bulls and bears, resulting in a sideways market.