Geopolitical conflicts escalate and technical indicators weaken at the same time. Under the pressure of both factors, the market has little chance to pick up; Trump’s tough stance toward Iran shows no signs of easing, and the fighting is unlikely to die down in the short term. The trading screen continues with a narrow-range consolidation and oscillation; with weak upside, downward pressure remains

Last week, the overall volatility was strictly limited to the 69,000 to 65,000 range. Neither the bulls nor the bears broke the deadlock. This week, the trend remains unchanged: the bears still hold the initiative. In terms of execution, it is still following the approach of shorting at high levels

Trading suggestion: Short around 67400-68000, look down at 66000-65400. If it breaks below 64500
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