Evening Analysis 1-22

The short-term bearish signal for the second pancake is fully confirmed!
The rebound is a blatant trap for more buying, do not blindly go long!
The previous consecutive daily bearish candles have already set the tone for a downtrend, and the long lower shadows on the daily chart are just emotional retracements, with the core resistance at 3100-3150 remaining unchanged, and funds simply not buying it.

The four-hour descending triangle structure is clearly visible, with highs gradually declining, showing signs of exhaustion among the bulls!
Support at 2870 has been tested multiple times; once it breaks with increased volume, a new wave of decline will immediately begin!
The KDJ indicator is turning around without support strength, and the shrinking green MACD bars are just a pause for the bears; a rebound could come at any time. Remember, the second pancake is the preferred choice for fund withdrawals, and rebounds will inevitably be accompanied by selling pressure!

Trading suggestion: Short decisively in the 3020-3050 range, targeting 2950-2900; if broken, look at 2800.