After encountering strong resistance at 3221, the technical outlook has clearly shifted to a pattern of high-level pullback and sideways weakness. From an indicator perspective, the MACD has switched from red to green bars and continues to expand, while the fast and slow lines have also completed a death cross. Currently, there are no signs of a second golden cross, further confirming the short-term weakness.

On the 1-hour chart, the failed surge at 3221 has become a key turning point. The current bullish-bearish tug-of-war zone is focused on the 3145-3160 price range. As long as the price does not stabilize above 3180, the possibility of a strong rally remains uncertain. From a trading strategy perspective, rebound opportunities should primarily consider short positions, while downward retracements require close attention to the support levels at 3120 and 3080.

It is worth noting that although the market is still ongoing, its internal rhythm has quietly changed—from the previous rapid ascent phase to the current slow digestion and consolidation. This structural shift demands new timing considerations from traders.