Keep a close eye on the 4740 level.

The current market situation is: as long as the price doesn't break through this line, we remain in a bearish trend. Once it gets stopped here, there's a high probability it will test the next support level at 4630.

But there's a key variable: if the price strongly breaks through 4740 and can stay stable above this level, the bearish outlook is invalidated. This means the downtrend is over, the upward space opens up, and an uptrend begins!