The liquor sector crashed again today, continuing yesterday’s downward trend.

The sector index dropped more than 1.3%. Looking through the entire sector—it's all in the red, not a single one in the green. The atmosphere is so oppressive it’s hard to breathe.

I mentioned yesterday that liquor stocks had already broken below the lower boundary of their trading range, so a further drop in the short term was expected. Today’s performance was completely within expectations.

From a technical perspective, it’s even clearer: with today’s drop, liquor stocks have thoroughly left the support area of the upper trading box, and the downward channel has opened. What’s next? Most likely, we’ll continue to see a weak, bottoming trend.

However, at the current level, there is some accumulation of chips. A sharp plunge in the short term is unlikely; instead, we’ll probably see weak oscillation and repeated tug-of-war.

But looking at a longer time frame, the overall trend is still bearish—the main tone of a weak downward movement hasn’t changed.