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The current market has shown a clear oscillating and slightly weak trend. Since the previous high of 71,777, the rebound highs have gradually declined, clearly受到MA7 moving average and the upper band of the Bollinger Bands' double suppression. The moving average system has flattened, short-term bullish momentum continues to weaken, and the center of gravity is gradually shifting downward.
On the macro front, the US-Iran situation has been repeatedly disturbed, geopolitical risks have increased, and market risk aversion sentiment has intensified. The battle between bulls and bears has further intensified. Currently, selling pressure at high levels continues to accumulate, and the rebound strength is relatively weak. Until a key resistance level is effectively broken through, the short-term trend remains mainly consolidating under pressure.
Big brother rebound: short at 70,500–71,200, target at 68,000
Second brother rebound: short at 2,070–2,090, target at 1,930
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