The current market structure continues to exhibit a tug-of-war between bulls and bears in a horizontal consolidation. Although there was a pressure point at 96600 yesterday, leading to a decline of nearly a thousand points, the night session did not result in an effective breakout. In the absence of significant data stimuli, the market is expected to continue narrow fluctuations.

Although the price has tested the 97000 level multiple times, showing signs of stabilization, the bulls have not been able to generate effective breakthrough momentum. The 98000 area continues to release pressure signals, with this resistance zone gathering multiple moving averages at the hourly level, serving as a key dividing line for short positions during the day.