Continuing from the last time, I established a short position at 72700. There are signs of a top forming on the smaller timeframes, and the price is about to touch the resistance line above. Since there's still some distance from the previous high, shorting offers better risk-reward than chasing longs, because there's very strong selling pressure above the previous high—it has failed to break through multiple times, and this time it will likely be a bull trap.

Secondly, the secondary high is showing a topping pattern. If my judgment is correct, the risk-reward is very favorable. Currently, it looks like the smaller timeframe just needs one more acceleration phase to finish, around the 7.35w or 7.w levels—at these two positions I'll consider adding to my position.

For this short-term retracement, I still view it as a secondary high with a high probability of being a bull trap. This aligns with my predicted trend. If it directly accelerates and breaks through the previous high to complete the breakout, my short position will be stopped out directly.