This market is really grinding, still oscillating back and forth within the range. On the hourly level, the rebound highs are gradually lowering, with the bulls showing no intention to attack. On the 4-hour level, it remains in a downward channel, and the 60700 resistance has been tested multiple times without success, with the range's center of gravity clearly shifting downward. The 59000 level below is a short-term defense line. If it holds, the market will continue to oscillate within the 59000-60700 range; if it breaks, it will directly test the previous low of 58030.