The fluctuations over the past couple of days during the holiday have been relatively small, and the overall structure remains unchanged, belonging to a daily chart with a slightly bullish oscillation center.

One difference is that this high-level oscillation is not the dominant trend, as the momentum itself is insufficient and can only rely on localized strength to clear short-term bears:
First, the 4-hour expectation is consistent with last week's view, expecting a breakout above 80,000 to end this rebound, but there may not be a rapid decline afterward, requiring a consolidation and distribution + trap setup, with plenty of opportunities to exit at high levels.
Now, just remember that chasing longs above 79k is not meaningful; the risk outweighs the reward.
The market sentiment shifting from fear to neutrality is also a signal, unless a large influx of funds enters next Monday to support the market;

In the short term, a new defense wall has been built around 78k, but its role may be limited and not used as an entry point.
The focus is around 770-775, as recent volume-contracted upward moves have pushed the accumulation lower boundary up to this zone.
Rebound opportunities can be observed in this area, driven by both short- and medium-term factors.
However, given today's situation, it may not be able to provide such a move, so pay close attention first.
Finally, due to the lack of liquidity during the holiday, all gaps have been filled, leaving only a small residual vacuum zone near 77k, which has little attraction for the price.
A pullback would be ideal; if it doesn't happen, it doesn't matter, as it won't affect the trend development.
Let's wait and see!

The above only represents personal opinions and does not constitute any advice.