Good morning, friends. Yesterday, after experiencing a wave of adjustment in the afternoon, the subsequent rebound seemed particularly weak. Several attempts to break upward were quickly suppressed and fell back. Additionally, the weekly level has not yet formed a clear stabilization pattern. The current market lacks an effective secondary bottoming to consolidate the support level. The focus should be on the range of 111000-111500.

As for the direction of the morning rebound, the primary pressure at 113500 requires special attention. It is crucial to have the hourly candlestick close and stabilize at this level as a prerequisite. If it can stand above, we can further look at the vicinity of 114500.

Regarding the 'Auntie' aspect, the rebound momentum in the smaller cycle is also weak. We need to be particularly vigilant about the possibility of a spike during the second down test, with the core focus range between 4000-4050. If the market can pull back to this range and show stabilization signals, we could consider a light position to attempt to go long.

The key pressure level for the morning rebound is at 4220. If it cannot break this level, the rebound space will be significantly limited. Only when the market stabilizes above 4220 will there be an opportunity to launch an attack towards the levels around 4250 and 4300.