Affected by geopolitical factors, the intraday price continues to fluctuate within the 66,000-67,000 range. At the same time, the price movement has deviated significantly from technical indicators. However, overall, the price remains within the technical range. The consecutive upper shadows on the hourly K-line indicate strong selling pressure above 67,000. Institutional whales' risk aversion has noticeably increased, and the high points of price movement are still gradually declining. Based on all these factors, our outlook remains bearish, and we suggest participating in short positions on rebounds.