According to data on second-hand housing from Central Plains: Assuming the base point is 2008, a house priced at 1 million yuan back then is now priced at 2.68 million yuan in Beijing, which has returned to 2016 levels. In Shanghai, it's 2.28 million yuan, back to 2014 levels, while Tianjin is at 1.5 million yuan, returning to 2012 levels. Based on Fibonacci sequence calculations, the housing prices in Beijing and Shanghai have reached critical support levels, where they are likely to temporarily stabilize and see some back-and-forth movement. This will be reflected in Q1 of 2026, when many people will notice housing prices starting to stabilize. This is a critical point for market dynamics. If you're bearish, Beijing's housing prices still have a 15% downside to the next support level. Are you bearish or expecting a rebound? [Pure technical analysis, not a recommendation for buying or selling property]