From last night to 7 AM this morning, a dramatic scene unfolded, with the index first rising to around 106,000 before being pressed down to around 103,200, and finally stretching directly to 107,100. The back-and-forth fluctuation cannot be said to be small!

From the technical perspective of the market, in the 4-hour timeframe, there have been four consecutive K-lines alternating between large bullish and large bearish candles, indicating a significant fluctuation in market participants' emotions. The price initially relied on the support of the middle band of the Bollinger Bands for a strong attack, and with the support of trading volume, it broke through the upper resistance level. However, it later encountered profit-taking pressure, causing the price to quickly fall back to the vicinity of the middle band like a roller coaster. This formation of wide-ranging oscillations reflects the current stalemate between the bulls and bears in the market. The Bollinger Bands channel has clearly opened up, and volatility is significantly increasing. Every time the price touches the upper band, there is noticeable selling pressure, while falling back to the middle band consistently attracts buying support. This regular oscillation pattern indicates that the main funds are using oscillation to wash out previous profit-taking positions, accumulating energy for future breakthroughs, while maintaining a bullish outlook.

Personal advice for reference only.

104,000-103,500 is a dip, looking up to 108,000.

2,350-2,390 is a dip, looking up to 2,550.