At the current stage, on the 4-hour timeframe, the overall running channel has shown a narrowing trend. The price dropped significantly to 63,200, indicating that the short-term support effect is evident around the lower boundary of 63,000. Although there are signs of a pullback in the rhythm, the overall continuation strength is not strong. The market does not always continue in one direction, just as it is now. Taking a step back is the norm. In the current favorable information environment, a large-scale retracement is undoubtedly a good opportunity to buy at a low level. The narrowing of the short-term channel indicates a volatile and wide-ranging market. In terms of operations, it is better to rely on the trend.