The current market is trapped in a triangular convergence and oscillating grinding pattern, with both bulls and bears lacking the momentum for a sustained unilateral move. Prices are repeatedly seesawing within the range. The earlier decline from highs was significant, and it is difficult for the technical level to quickly recover the losses. To achieve a true trend reversal, a catalyst from the news/market fundamentals is basically needed to break the deadlock. The daily-level rebound momentum is weak; prices turn back upon hitting resistance levels. Currently, there is no clear reversal breakout signal.