The current price is in a downward channel, and rebounds are all weak corrections with no effective reversal signals. In trading, prioritize relying on the resistance zone of 74,900-74,950, entering short positions on rebounds when pressured, with targets of 74,400-74,200, strictly controlling the entry timing; at the same time, avoid counter-trend bottom fishing. Before the bearish trend reverses, focus on following the trend to short, and seize downward wave opportunities according to market rhythm.