On Tuesday, June 10, our stance was firmly bearish. Whether initiating short positions during the Asian session with a defense level at 4353, or entering shorts after a false breakout above 4353 followed by a correction, the rationale was straightforward. The price had already tested lower several times during the day. A break above 4353 in the evening session would shake out weak short positions and entice bullish traders to chase the move, creating market divergence. However, we emphasized that levels below 4272 still presented opportunities to establish short positions. Following a break below 4268, any rebound should be treated as a chance to sell, anticipating further declines.

This illustrates a key technical point. Short positions initiated during the Asian session at 4346, defended below 4353, were profitable. The European session showed relative resilience, with multiple price recoveries making entry less favorable. Regarding the false breakout above 4353 and subsequent correction, what constitutes a false breakout? It is a rapid spike above a level followed by an equally swift retreat below it—precisely the pattern observed. Particularly after the price swiftly breached 4353 and then plunged sharply below the previous low of 4268, the question is whether one followed through with short positions.

Enough with the preliminaries; the technical signals are abundant. Following the sharp overnight decline, the subsequent rebound lacked strength—a familiar pattern, isn't it? The approach in early trading today mirrors Monday's session, again pointing towards an acceleration of the downward momentum. Once the key support at the prior low of 4268 is broken, a continuation and acceleration of the sell-off is almost inevitable. A cascading, rapid decline should not come as a surprise; it's a classic case of the trend gaining momentum. Today, with 4268 now acting as a resistance level following its breach, the strategy is to sell on any rallies. The current price has already broken below the significant 4200 psychological level, appearing precarious and poised for further substantial declines.

The next focus is the high of the prominent one-hour bearish candle around 4220. The weaker any price rebound is, the more conducive it is for a further drop. Do not wait for significantly higher prices to sell. During the Asian session, one can place stops above 4220 and confidently enter short positions, expecting the decline to extend. For the evening session, we will look for another high point to sell. For those adopting a more aggressive stance, attempting to sell on any approach towards 4200 is a viable strategy.