The midday high surged to 63,499 before pulling back, still facing resistance above. Multiple attempts to break higher touched the upper band but all closed with upper shadows and retreated. The upward momentum on the K-line is gradually weakening, indicating a weak oscillation pattern with limited upward strength; it’s a rally that lacks power. The hourly level only shows a brief oscillation correction, while the 4-hour chart firmly maintains a downward trend. The small-cycle rebound cannot change the larger downward trend. The 15-minute cycle shows more obvious fluctuations, with a quick pullback after the surge. The bulls lack the volume and momentum for a sustained breakout with a long bullish candle. The small rebound is only a correction without reversal strength.