In the current market, there is a chorus of wailing; some see it as a loss, while others see it as an opportunity. It's like encountering a steep slope while climbing a mountain; the harder it is to walk, the more it can pump the distance between you and your companions.

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From the 1-hour chart of the big pie, after the previous price surged to 119812, several long real body bearish candles appeared in succession, forming a "cloud cover" pattern, reflecting that the long side is actively exerting force while the support is insufficient, and the bulls are unable to maintain high levels. The short-term trend has sharply shifted from "bullish attack" to "bearish control", with strong reversal signals. After the price breaks below the short-term moving average, the moving average system shifts from "support and boost" to "pressure and suppression", with selling pressure continuously releasing as the price declines, further weakening the bullish counterattack momentum. Moreover, during the decline, the trading volume in the suburban area has not significantly shrunk, and the price is approaching the middle track of the Bollinger Bands. The middle track serves as a "bull-bear watershed" and a key psychological support for technical analysts. Once it is continuously and effectively broken below, the Bollinger Bands are likely to expand downwards, and the price will test the lower track support. The trend confirmation is gradually taking shape, and we need to closely monitor key support below 118500. If the price breaks down with volume and cannot quickly recover, the "breakout and retracement" pattern will be validated, potentially opening further downward space.