AUCTION has indeed been looking a bit weak during this period. The bears are exerting strong suppression, and every slight rebound is pushed back down. Both the highs and lows are trending downward, and the pattern is quite unfavorable.

From a fee perspective, it's also not ideal — although the bears are maintaining suppression through paid efforts, the fee rate in the four-hour cycle isn't high, which actually favors the bears to continue applying pressure.

Technically, my approach is as follows: if the price rebounds to the 5.3 to 5.4 range, you can boldly go short. If it breaks 5 directly, that's an even better opportunity to chase the short. Set the stop-loss at 5.5; once it breaks that level, exit the position.

For take-profit, the first target is 4.8, where you can lock in profits first. The second target is to hold until the previous low on the daily K-line level.