Looking at the recent trend, each rebound's high point is getting lower, and almost all moving averages are pressing down on the price—this is a typical weak decline pattern.

From the volume perspective, volume increases during declines but lacks support during rebounds—this often indicates that large traders are gradually offloading their positions. The MACD death cross has already widened, and although the RSI is in the oversold zone, the momentum is clearly insufficient, lacking the energy for a rebound. More notably, the KDJ indicator's J value has entered the negative territory, which usually suggests there is still room for further decline.

With several technical signals stacking up, it is indeed difficult to be optimistic in the short term. If you want to participate in a short position at the current price level, it is a good entry point.