From the market perspective, the trend surged to 69,498 and then pulled back. Currently, the price is fluctuating around 68,552, showing overall characteristics of a rally facing resistance and weakening bullish momentum. It remains within the downward channel since the high of 74,046. This rebound is a technical correction and has not reversed the bearish dominant pattern. The resistance above 69,500 is very strong. The four-hour chart shows a long upper shadow indicating a pullback after a surge, and subsequent candlesticks are gradually turning bearish, with bullish momentum clearly waning. This is a typical top-reversal signal. The 69,000–69,500 range is a strong resistance zone for this rebound, with multiple attempts to break through failing, indicating heavy selling pressure above. The market remains predominantly bearish this morning.