The current market has clearly entered a "high-level consolidation and shakeout phase."

After quickly rising from around 80,300 to above 81,200 in the morning, the bulls did not continue to increase volume to break through. Instead, they started oscillating around 81,000, indicating that the main force is not simply pushing higher but is repeatedly changing hands and clearing out chasing emotions at high levels.

From the 15-minute structure:
BOLL bands are gradually narrowing, and the price keeps pulling around the middle band, with the frequency of pinching up and down clearly increasing. This kind of movement is most likely to cause retail traders to chase orders back and forth, chasing gains and selling at losses.

Many people think:
"Since it can't go down, should I chase longs?"
"Why does it just open a short and then get pulled back?"
Actually, this is the most painful part of a sideways market.

The core of the current market is not the direction but the rhythm.

Those who can steadily profit in this kind of market are not relying on guessing ups and downs but know:
When to wait,
When to lighten positions,
When to take profits and exit.

Recently, many people get confused when facing sideways markets:
Sometimes chasing breakouts,
Sometimes guessing the top to buy the bottom,
Finally realizing the market hasn't moved much, but their positions are gone.

And we've been emphasizing these days:
In the high-level consolidation stage, do not chase orders, do not be emotional, and trade within the range rhythmically.

Including today's pullback and rebound, all are within expected ranges.

The key points to watch later are:
Support around 80,800,
Resistance at 81,200-81,500.

Before volume breaks through, it’s most likely to continue digesting sideways.