FRAX has been highly watched since the launch of its contract. The sharp decline a few days ago caused the price to plummet, with a drop approaching 50%, but in the past two days, there has been a strong rebound. However, looking at the recent trend, the price has already reached the rebound high point, and the 15-minute K-line has started to decline continuously, indicating a clear technical reversal signal. From multiple perspectives, this rebound is very likely to be FRAX's strongest upward surge, and also an excellent opportunity to enter short positions. The current high level is just the last top-out point.