IP has been weakening from the high point of 2.272, with a consistent downward trend that appears very regular.

The capital flow reveals some clues—large holders' short positions continue to increase, active sell orders have been repeatedly amplified, and there are obvious signs of loosening at high contract levels, indicating that the bears are strategically deploying. The technical aspect is more straightforward: the short-term MACD has already formed a death cross, with the green bars diverging, and the candlesticks are being firmly suppressed by the moving averages, unable to break through the 2.1 barrier.

The decline from high levels combined with volume-price divergence makes the shorting logic still valid at this point. Set the stop-loss at the key resistance level of 2.15, with the target below at the 1.95 support zone. The risk-reward ratio of this decline is indeed worth participating in.