After a strong dip driven by market factors last Friday, the market rebounded. Some people are happy, while others are worried: the happy ones are celebrating that they caught this round of “V-return” in two waves perfectly, while the worried ones are troubled that although the entry level is still the same as that level, their positions are gone. This is the typical rhythm of a washout, and that’s also normal. Now that the past is history, let’s welcome the market conditions of the new week.

The market is currently in a key support battle stage under macro pressure. Watch the 77,600 level above—this is also an hourly-level structural resistance zone and the line separating bulls and bears. And near 78,300 above, as long as it hasn’t broken through, you can consider shorting. Then look at the 75,000 - 75,600 area below. This has become the lifeline in the duel between bulls and bears; if it breaks down, it will likely accelerate the decline.