Overall, the market is operating in a very clear pattern: there is selling pressure at higher levels and buying interest at lower levels. Behind this price action is actually a reflection of short-term traders' sentiment — there's no strong desire to chase highs, but the follow-through buying after declines is also not weak. Bulls and bears are engaged in repeated tug-of-war at this level, and while the fluctuation range appears limited, it's actually laying the groundwork for the next wave of the market move.