After surging to 4726 in the morning, the rally did not continue, and the bulls began to show clear signs of fatigue.

The five-minute structure shows a continuous decline, with moving averages diverging downward again, now more like a consolidation after the surge rather than a continued upward breakout.

However, support around 4687 is still holding, and the bears have not yet shown true acceleration. In the afternoon, focus on the 4690 support; as long as it is not broken below 4685, there is still a chance for a rebound to 4705-4710.

You can try to lightly position near 4690, aiming for 4705-4715, and take profits quickly if the rally loses momentum.