Based on the current trend, it seems more like bouncing back and forth between these two boundaries. CPI exceeding expectations, the Federal Reserve's likelihood of rate hikes approaching 70% this year, and ETF outflows of over 1.2 billion dollars last week—these heavy pressures make a direct reversal quite difficult. But the weekend lows weren't broken, and big whales are still secretly accumulating chips, indicating that the underlying isn't just paper.

Personal opinion: This week is likely to see sideways oscillation within the range, with the FOMC minutes on Thursday and ETF net flows being the key variables to determine the direction. Until then, be cautious of chasing gains or selling in panic, as there may be whipsawing.