The current market momentum has clearly slowed down,

On the 15-minute chart, it is in a narrow range consolidation phase,
The trend structure is somewhat sticky,
Like an old lady climbing stairs,
Every step must be firmly planted before taking the next.

The short position strategy given last night at 71,500-72,000 was successfully executed,
Reaching a high of 71,700 before pulling back,
The current quote is around 69,500,
Short-term bearish momentum has been somewhat released.

Next, it is crucial to focus on the effectiveness of the 69,300 support level.

If broken, the short-term structure will weaken further, with the target down to the 68,800-68,500 zone in the 1-hour central pivot.

If this area can stabilize, a rebound may occur, testing resistance near the high of the 11th evening again.

If the 68,500 level is lost again, the correction space will open further, with the target extending to the 65,500-66,000 range.