The current market maintains a rebound trend, with this rally aiming to test previous highs, but short-term rebound momentum is clearly insufficient, and the upward push continues to weaken, further intensifying the pressure. From the four-hour timeframe, after consecutive bullish rebounds, the bullish momentum is gradually exhausted, and resistance above is strong, with multiple attempts failing to break through effectively. On the hourly chart, the price briefly broke above the upper Bollinger Band but quickly fell back, with candlesticks showing long upper shadows, highlighting selling pressure. Therefore, during midnight trading, you can rely on resistance levels during the rebound to strategically set up short positions.