7.23 Jack afternoon market-wide analysis

After the earlier peak on the board reached 66924.1, the overall trend gradually weakened. Price kept fluctuating and drifting downward, continuously refreshing the session lows. The low fell to 65505, after which a period of stabilization and rebound began, bringing the market into a range-bound consolidation phase.

In the right-side oscillation range, price repeatedly struggled back and forth. Multiple attempts upward failed to form an effective breakout. Rebound momentum has been insufficient; highs keep stepping down. The moving averages continue to suppress the行情, and the weak structure has not undergone a fundamental change. At this stage, the market has fallen again, and the current price is near 65650.

For the next step, focus on the support strength of the prior low at 65505. If this level is broken decisively, a new round of downside space will open up. To reverse the current relatively weak setup, the market needs to regain and hold above the moving-average pressure band, and then show a sustained upward move.

At present, the bigger picture still leans bearish, so it is not suitable to rush into bottom-picking to抢反弹. Maintain patience and wait. Pay close attention to how key support levels hold or fail, and only consider subsequent positioning opportunities after the board shows clear signs of a bottoming-out.