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The short-term outlook for the double bottom is bearish, with an imbalance between longs and shorts leading to weak defense by the bulls. The upper moving averages are layered with resistance, making it difficult to break through key resistance levels. Meanwhile, support below is vulnerable due to continuous shrinking volume. Market sentiment is cautious, with low willingness for funds to enter, making a reversal unlikely in the short term. Bearish momentum is still being released.
Trading suggestions: For aggressive traders, short at the current price of 2929. For conservative traders, consider short positions around 2940-2970, with a target of 2890-2860. If broken, continue to look lower.