The current market presents a typical pattern of alternating bullish and bearish phases, with both sides engaged in a fierce tug-of-war, leading to an overall fluctuating trend. From the daily chart perspective, there is a consecutive arrangement of bearish candles, with multiple formations of doji candles, and the K-line bodies are relatively small, indicating that the market is in a systematic consolidation phase. Although last night's market briefly surged, it quickly retraced during the midnight hours, ultimately closing with a bearish candle, reflecting the current market's lack of momentum for a unidirectional trend. On the four-hour chart, the price repeatedly shows a pattern of probing lower and then recovering, with lows gradually rising, indicating some level of support. However, the key resistance level above has not been effectively broken, making it difficult for the price to form sustained volatility in the short term. In summary, the morning continues the fluctuating strategy, maintaining range trading is sufficient. #看懂K线