Review:

In the morning, the weak rebound from the early hours continued. Referring to yesterday's reminder (the rebound is for gap filling), continue to enter short positions at the upper edge of the low-level sideways range.
After refreshing the price to a new low in the afternoon, the CVD synchronized with a sideways divergence, and the decrease in OI led to selling pressure being absorbed and a rebound. I made a short long position in line with the trend and just took profit around 4210.

Current market and settlement chart shows:
The current situation still belongs to the emotional recovery after a sharp decline, the structure has not reversed, and the rebound is more about obtaining liquidity and filling gaps.
The area around 114K is the main clearing zone, with a gap near 113.7K. The consolidation between 113.7K and 114K is a key resistance range.
4230-60 is the gap resistance zone, and 4300-4330 is the liquidation range.

The daily line has broken below the lower edge of the previous consolidation range, continuing to look weak in the short term.
Currently, there is no continuous expansion of OI and CVD in a positive direction, and it is more likely to view the upper liquidation zone as a short liquidity pool rather than a reversal.
Therefore, the above resistance range can serve as a reference point for shorting.

If there is a significant breakout and it stabilizes above 114K and 4260 on the 1H chart, and both OI and CVD rise simultaneously, then it can switch to a range-long position.
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