Market sentiment has returned to main force accumulation and oscillation, but current funds are insufficiently committed, limiting subsequent distribution space. The repeated tug-of-war within the range is merely the funds engaging in precise operations of chips and rhythm, not changing the core judgment of a bearish overall trend.

Daily chart structure signals
Two consecutive early morning attempts to push higher faced resistance, encountering selling pressure at high levels, with rapid chip turnover and weak absorption.
A typical "sell at the high," indicating the market lacks genuine upward momentum, and bulls lack sustained buying power.
In recent days, no effective low-level pullback has occurred; instead, there has been continuous high-frequency oscillation and shakeout at high levels, with the main force's intentions clear.
Under this structure, execution must be decisive; hesitation and waiting are to be avoided.
Operational strategies can refer to:
Core: 74,500–74,700 range, prioritize shorting at high levels
Stop-loss: above 75,200
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