6.29 A Million Early Morning Market Sentiment

The early sharp decline saw full volume selling, with bearish momentum fully released in one go;
In recent days, it's been grinding small yin and yang candles, with K-line bodies narrowing and up-and-down movements compressed directly, neither bulls nor bears can budge the other, there's no unilateral trend at all, just a pure grinding range pattern.

Bulls have no confidence at all, each small rebound to the 60500-61000 range is immediately suppressed, every yang candle has a long upper shadow, the counterattack power is ridiculously weak; Bears are equally lacking in follow-through, repeatedly probing down but failing to break the 59000 support, short-term selling momentum is completely exhausted, chasing ups and downs now is just throwing money away.

The only way to survive in the short term is to sell high and buy low within the box, positions must be kept light, don't heavy position hold and bet on a unilateral move:

When pulling back to the 59000 level and forming a stopping K-line without effectively breaking below, directly go long for a rebound, stop profit strictly at 60500-61000, exit immediately upon reaching resistance, don't hold;
Once the volume breaks below 59000 with a solid close below support, the range ends directly, switch to short position without hesitation.

The strong resistance is stuck at 61000-61500, if the rebound stalls near 61000 and forms a long upper shadow yin candle, directly open a short, target drop to 59500-59000;
Only if a volume yang candle body firmly stands above 61500 can the downtrend be repaired, the box shifts up, and bulls gain the qualification for a band rebound, before that all rebounds are just bear market pauses, only dare to go long with quick entries and exits.

Trading Strategy
At this stage, stare at the range oscillation, honestly sell high and buy low, avoid chasing;
When it breaks out, switch direction accordingly: if volume breaks below 59000, fully bearish; if volume firmly holds above 61500, then switch to bullish thinking; before leaving the box, any unilateral prediction is self-deception.
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